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Drax Group plc ( (GB:DRX) ) has shared an announcement.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 61,478 ordinary shares on 12 January 2026 on the London Stock Exchange at prices between 885.0p and 895.5p, with a volume-weighted average price of 889.7024p. Following this transaction, the company has 432,209,059 ordinary shares in issue, of which 92,098,666 are held in treasury, leaving 340,110,393 voting shares in circulation; since the launch of the programme in July 2025, Drax has bought back a total of 4,957,266 shares for treasury, signalling an ongoing commitment to capital returns and a tighter share base for existing investors.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £11.00 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 whose core operations centre on power generation. The group owns and operates large-scale generation assets and is known for its transition from coal to biomass-based electricity production, serving both wholesale power markets and, indirectly, business and residential consumers through the UK energy system.
Average Trading Volume: 1,134,267
Technical Sentiment Signal: Buy
Current Market Cap: £3.03B
For a thorough assessment of DRX stock, go to TipRanks’ Stock Analysis page.