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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 73,721 ordinary shares on 6 February 2026 via J.P. Morgan Securities at prices ranging between 860p and 879p per share. The latest transaction brings the total number of shares bought back for treasury since the programme began in July 2025 to 6,237,510, underscoring the company’s ongoing capital management strategy.
Following this latest buyback, Drax now has 432,245,487 ordinary shares in issue, of which 93,378,910 are held in treasury, leaving 338,866,577 shares carrying voting rights. The updated share count will be used by investors and other market participants for regulatory disclosure calculations, and the reduction in free float may marginally enhance earnings per share and consolidate existing shareholders’ relative ownership stakes.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1015.00 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 U.K.-listed energy company best known for operating the Drax Power Station, a major biomass and renewable electricity generator. The group focuses on power generation and related energy services, with its shares traded on the London Stock Exchange and held by a broad base of institutional and retail investors.
Average Trading Volume: 1,296,846
Technical Sentiment Signal: Buy
Current Market Cap: £2.98B
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.