Drax Group Updates on Share Buyback Program

Drax Group plc ( (GB:DRX) ) has issued an announcement.

Drax Group announced updates on its share buyback program, revealing the purchase of 69,774 ordinary shares on 17 December 2025. This program, initiated in July 2025, underscores the company’s efforts to optimize its capital structure and return value to shareholders. Following this transaction, Drax holds 340,653,127 voting shares available for shareholder calculations and has reacquired 4,375,637 shares since the start of the program. This initiative underscores Drax’s strategic positioning to enhance shareholder engagement and manage its equity effectively.

The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 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, with a focus on renewable energy production and biomass-based power generation. The company is a significant player in the UK market, contributing to sustainability efforts with a commitment to reducing carbon emissions.

Average Trading Volume: 1,145,608

Technical Sentiment Signal: Buy

Current Market Cap: £2.75B

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