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Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc has executed a share buyback program, purchasing 102,757 of its ordinary shares on the London Stock Exchange. This move, part of a larger program announced in July 2025, aims to optimize the company’s capital structure and potentially enhance shareholder value. Following this transaction, Drax Group’s total number of voting rights, excluding treasury shares, stands at 344,224,587, which is crucial for stakeholders monitoring their interests in the company.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £742.00 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 overall score reflects its strong financial performance and attractive valuation, supported by positive earnings call insights. However, technical indicators suggest potential bearish momentum, and challenges in revenue growth and market conditions pose risks.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Drax Group plc operates in the energy sector, primarily focusing on renewable energy generation and biomass power production. The company is known for its efforts in transitioning from coal to sustainable energy sources, positioning itself as a leader in the renewable energy market.
Average Trading Volume: 1,191,442
Technical Sentiment Signal: Buy
Current Market Cap: £2.44B
See more data about DRX stock on TipRanks’ Stock Analysis page.