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Drax Group plc ( (GB:DRX) ) has issued an announcement.
Drax Group plc continued executing its previously announced share buyback programme, repurchasing 72,457 ordinary shares on 25 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 876.5882 pence. The transaction forms part of an ongoing capital management strategy under which the company has now bought back 7,186,924 shares for treasury since July 2025, reducing the free float to 337,933,416 voting shares and marginally increasing each remaining investor’s proportional ownership.
Following the latest buyback, Drax has 432,261,740 ordinary shares in issue, of which 94,328,324 are held in treasury and carry no voting rights. The updated voting-rights figure provides an important reference for shareholders and other market participants in monitoring disclosure thresholds and ownership changes, underscoring the programme’s implications for liquidity and governance metrics in the stock.
The most recent analyst rating on (GB:DRX) stock is a Sell with a £680.00 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 its large power generation assets and related energy services. The group plays a significant role in the British electricity market and is a constituent of London’s listed utilities sector, where capital allocation and shareholder returns are closely watched by investors.
Average Trading Volume: 1,274,975
Technical Sentiment Signal: Buy
Current Market Cap: £2.95B
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.