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Drax Group plc ( (GB:DRX) ) has issued an announcement.
Drax Group plc has continued executing its share buyback programme, repurchasing 74,233 ordinary shares on 16 February 2026 at prices between 850p and 871p, with a volume-weighted average price of 862.2412p. Following this latest tranche, the company has 432,254,791 ordinary shares in issue, of which 93,816,501 are held in treasury, leaving 338,438,290 voting rights outstanding for investors to use as the benchmark for regulatory disclosure thresholds.
Since launching the buyback in July 2025, Drax has acquired a total of 6,675,101 shares for treasury, underscoring ongoing capital management efforts that can enhance earnings per share and support the share price. The updated capital structure and reduced free float may influence institutional investors’ positions and reporting obligations under the FCA’s Disclosure and Transparency Rules.
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 energy company focused on power generation and related energy services. The group operates large-scale generation assets and is a notable player in the British electricity market, with its shares traded on the London Stock Exchange.
Average Trading Volume: 1,264,884
Technical Sentiment Signal: Buy
Current Market Cap: £2.88B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.