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Drax Group plc ( (GB:DRX) ) has issued an announcement.
Drax Group has continued to execute its previously announced share buyback programme, repurchasing 72,500 ordinary shares on 26 February 2026 at a volume-weighted average price of about 898.85 pence. The purchases, carried out through J.P. Morgan Securities, form part of a broader capital management strategy that can enhance earnings per share and signal confidence in the company’s valuation.
Following the latest transaction, Drax now has 432,261,740 ordinary shares in issue, of which 94,400,824 are held in treasury, leaving 337,860,916 voting shares outstanding. The updated voting-rights figure provides a new reference point for shareholders and other market participants when calculating disclosure thresholds and monitoring changes in significant holdings under U.K. transparency rules.
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 focused on power generation, with a particular emphasis on biomass and renewable electricity. The group operates in the British power market and its shares trade on the London Stock Exchange, making it a significant player for institutional and retail energy investors.
Average Trading Volume: 1,274,975
Technical Sentiment Signal: Buy
Current Market Cap: £2.95B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.