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Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc has continued executing its previously announced share buyback programme, repurchasing 71,985 ordinary shares on 11 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 876.1563 pence. The company now has 432,245,487 shares in issue, of which 93,595,536 are held in treasury, leaving 338,649,951 voting shares outstanding.
The ongoing buyback, which has seen Drax acquire more than 6.4 million shares into treasury since July 2025, reduces the free float and can enhance earnings per share and capital returns for remaining shareholders. The updated voting rights figure also provides a new reference point for investors and other market participants assessing 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 biomass and renewable electricity generator supplying the British power market. The group focuses on low-carbon power generation and related energy services, positioning itself as a key player in the transition to cleaner energy within the U.K. electricity sector.
Average Trading Volume: 1,277,729
Technical Sentiment Signal: Buy
Current Market Cap: £2.99B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.