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Drax Group plc ( (GB:DRX) ) has shared an announcement.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 73,200 ordinary shares on 18 February 2026 via J.P. Morgan Securities at a volume-weighted average price of 879.0754 pence. Following this latest transaction, the company now has 432,254,791 ordinary shares in issue, of which 93,963,101 are held in treasury, leaving 338,291,690 voting shares outstanding.
The ongoing buyback, under which Drax has acquired a total of 6,821,701 shares for treasury since July 2025, effectively reduces the free float and concentrates voting power among remaining shareholders. This capital management action may support earnings per share and signals continued board confidence in the company’s valuation, while giving investors an updated denominator for regulatory disclosure thresholds.
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 UK-based energy company best known for operating the Drax Power Station in North Yorkshire, one of the country’s largest power generators. The group has shifted from coal to biomass and renewable power, focusing on providing flexible, low-carbon electricity to the UK grid and positioning itself within the broader energy transition and decarbonisation agenda.
Average Trading Volume: 1,259,291
Technical Sentiment Signal: Buy
Current Market Cap: £2.96B
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.