Drax Expands Treasury Stock as Share Buyback Programme Progresses

Drax Group plc ( (GB:DRX) ) has shared an update.

Drax Group plc continued to execute its previously announced share buyback programme, repurchasing 73,532 ordinary shares on 12 February 2026 via J.P. Morgan Securities at prices between 842.0p and 873.5p, with a volume-weighted average of 860.1962p. The company has now bought back a total of 6,527,668 shares into treasury since the programme began in July 2025, demonstrating an ongoing commitment to returning capital and managing its equity base.

Following these transactions, Drax has 432,245,487 ordinary shares in issue, of which 93,669,068 are held in treasury and therefore do not carry voting rights. The number of voting shares now stands at 338,576,419, a figure that will be used by shareholders and other market participants to assess disclosure thresholds and changes in ownership under the FCA’s transparency regime.

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 U.K.-listed power generation and energy company focused on electricity production and related services. Its shares are traded on the London Stock Exchange, and it actively manages its capital structure through programmes such as on-market share buybacks, with a shareholder base governed under FCA disclosure rules.

The company maintains a large register of ordinary shares, part of which is held in treasury and therefore excluded from voting rights. By adjusting the balance between issued, treasury and voting shares, Drax can influence key capital metrics, including earnings per share and the overall voting power of its investors under U.K. market regulations.

Average Trading Volume: 1,265,486

Technical Sentiment Signal: Buy

Current Market Cap: £2.98B

See more insights into DRX stock on TipRanks’ Stock Analysis page.