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An update from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has continued executing its previously announced share buyback programme, repurchasing 73,200 ordinary shares on 13 February 2026 via J.P. Morgan Securities at a volume-weighted average price of about 863.8 pence. Following these latest transactions, Drax now has 432,254,791 ordinary shares in issue, of which 93,742,268 are held in treasury, leaving 338,512,523 voting rights outstanding for shareholders’ disclosure calculations.
The company has bought a total of 6,600,868 shares into treasury since launching the programme in July 2025, underscoring its ongoing capital management strategy and efforts to return value to shareholders. The updated share and voting rights figures also provide clarity for investors and other market participants who must track their holdings under UK disclosure and transparency rules.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £923.00 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-based energy company best known for operating the Drax Power Station in North Yorkshire, one of the country’s largest power generators. The group focuses on electricity generation, including a major presence in biomass-based power, and plays a significant role in the UK energy market and power grid stability.
Average Trading Volume: 1,255,447
Technical Sentiment Signal: Buy
Current Market Cap: £2.88B
Learn more about DRX stock on TipRanks’ Stock Analysis page.