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Drax Group plc ( (GB:DRX) ) has shared an update.
Drax Group plc has continued executing its share buyback programme, repurchasing 71,841 ordinary shares on 10 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 879.3896 pence. Following this transaction, the company has 432,245,487 shares in issue, of which 93,523,551 are held in treasury, leaving 338,721,936 voting shares outstanding.
The ongoing buyback, under which Drax has now acquired a total of 6,382,151 shares for treasury since July 2025, incrementally boosts earnings per share and concentrates voting power among remaining investors. The updated voting rights figure also provides a new reference point for shareholders and other market participants who must monitor their disclosure thresholds under U.K. transparency rules.
The most recent analyst rating on (GB:DRX) stock is a Hold with a £947.00 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 energy company best known for operating the Drax Power Station, a major electricity generator that has transitioned from coal to biomass and renewable power. The group focuses on providing flexible, lower-carbon power generation and related energy services to support the U.K. grid and the broader energy transition.
Average Trading Volume: 1,295,105
Technical Sentiment Signal: Buy
Current Market Cap: £2.98B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.