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Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc has continued executing its share buyback programme, repurchasing 73,400 ordinary shares on 17 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 871.4789 pence. The transaction forms part of a wider capital management initiative launched in July 2025, under which the company has now acquired a total of 6,748,501 shares for holding in treasury.
Following the latest purchases, Drax now has 432,254,791 ordinary shares in issue, of which 93,889,901 are held in treasury, leaving 338,364,890 voting rights outstanding. The updated share count and voting rights will guide shareholders and other market participants in meeting disclosure obligations and assessing their stakes under UK transparency rules.
The most recent analyst rating on (GB:DRX) stock is a Sell with a £680.00 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 focused on power generation and renewable energy. Best known for operating the Drax Power Station in North Yorkshire, it has been transitioning from coal to biomass and other low-carbon technologies, positioning itself as a key player in the UK’s move toward cleaner electricity and grid decarbonisation.
Average Trading Volume: 1,264,884
Technical Sentiment Signal: Buy
Current Market Cap: £2.88B
For a thorough assessment of DRX stock, go to TipRanks’ Stock Analysis page.