Drax Continues Share Buyback, Lifts Treasury Shareholding and Trims Free Float

Drax Group plc ( (GB:DRX) ) has provided an update.

Drax Group plc has continued to execute its previously announced share buyback programme, purchasing 53,752 ordinary shares on 5 January 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 848.6524 pence. Following this latest transaction, Drax has 432,171,763 ordinary shares in issue, of which 91,909,512 are held in treasury, leaving 340,262,251 voting shares in circulation; in total, 4,768,112 shares have been repurchased for treasury since the programme began in July 2025, incrementally reducing the free float and potentially enhancing earnings per share and capital returns for remaining investors.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.

Spark’s Take on GB:DRX Stock

According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.

Drax Group plc’s strong financial performance, particularly in cash generation and profitability, along with positive technical indicators and a favorable valuation, contribute significantly to its overall score. The company’s strategic initiatives, including share buybacks and government agreements, further bolster its market position. However, challenges in revenue growth and market dynamics in the pellet sector pose risks that need careful management.

To see Spark’s full report on GB:DRX stock, click here.

More about Drax Group plc

Drax Group plc is a UK-listed energy company best known for operating the Drax Power Station in North Yorkshire, one of the country’s largest power generators, and for its activities in renewable and low-carbon power, including biomass-based electricity generation. The group focuses on providing reliable power to the UK grid while pursuing decarbonisation and energy security objectives within the broader European energy market.

Average Trading Volume: 1,069,409

Technical Sentiment Signal: Buy

Current Market Cap: £2.88B

Learn more about DRX stock on TipRanks’ Stock Analysis page.