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Drax Group plc ( (GB:DRX) ) has shared an update.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 68,797 ordinary shares on 28 January 2026 via J.P. Morgan Securities at prices ranging from 906.5p to 916.0p, with a volume-weighted average price of 911.2822p. Following these transactions, Drax has 432,240,650 ordinary shares in issue, of which 92,880,976 are held in treasury, leaving 339,359,674 voting shares in circulation, and the company has now bought back a total of 5,739,576 shares into treasury since the programme began in July 2025, signalling an ongoing capital management strategy that reduces free float and may enhance earnings per share for remaining investors.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1020.00 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 owning and operating the Drax Power Station in North Yorkshire, one of the country’s largest power generators, and for its activities in renewable power and biomass-based electricity generation. Its shares trade on the London Stock Exchange, where it is followed closely by income and infrastructure-focused investors given its role in the UK’s electricity market and energy transition.
Average Trading Volume: 1,315,869
Technical Sentiment Signal: Buy
Current Market Cap: £3.03B
For a thorough assessment of DRX stock, go to TipRanks’ Stock Analysis page.