Drax Group Executes Share Buyback to Optimize Capital Structure

An announcement from Drax Group plc ( (GB:DRX) ) is now available.

Drax Group plc has executed a share buyback program, purchasing 51,004 of its ordinary shares on the London Stock Exchange. This move is part of a broader strategy announced in July 2025, aiming to consolidate its share capital and potentially enhance shareholder value. Following this transaction, Drax Group’s total number of ordinary shares in issue, including treasury shares, stands at 432,166,899, with 341,031,577 voting rights available. The buyback reflects Drax’s ongoing efforts to manage its capital structure effectively, which could have implications for its market valuation and investor relations.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £883.00 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 operates in the energy sector, focusing on renewable energy production and biomass power generation. The company is known for its commitment to sustainability and reducing carbon emissions, positioning itself as a leader in the transition to cleaner energy sources.

Average Trading Volume: 1,121,554

Technical Sentiment Signal: Buy

Current Market Cap: £2.65B

For an in-depth examination of DRX stock, go to TipRanks’ Overview page.