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Drax Group plc ( (GB:DRX) ) has shared an update.
Drax Group plc announced the purchase of 105,021 of its own ordinary shares as part of its ongoing share buyback program, initially announced in July 2025. This transaction, executed through J.P. Morgan Securities plc, reflects Drax’s strategy to manage its capital structure and potentially enhance shareholder value. Following this purchase, the company has a total of 432,136,666 ordinary shares in issue, with 89,103,888 held in treasury, impacting the total number of voting rights available to shareholders.
The most recent analyst rating on (GB:DRX) stock is a Hold with a £689.00 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 stock score reflects strong financial performance, particularly in cash generation and profitability, supported by positive technical indicators and a favorable valuation. The recent earnings call provided a positive outlook with strategic growth initiatives, though some challenges in specific market segments persist.
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, focusing on renewable energy production and power generation. The company is known for its biomass-fueled power stations and aims to lead in sustainable energy solutions.
Average Trading Volume: 1,132,283
Technical Sentiment Signal: Buy
Current Market Cap: £2.45B
See more insights into DRX stock on TipRanks’ Stock Analysis page.