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An announcement from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has executed a share buyback transaction, purchasing 150,000 ordinary shares at an average price of 615.08 pence per share. This transaction is part of a previously announced buyback program, and the company now holds 73,190,127 shares in treasury, impacting the total voting rights available to shareholders.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc has strong cash flow and profitability, supported by attractive valuation metrics. Regulatory uncertainties and inconsistent revenue growth present challenges, but strategic initiatives and share buybacks reinforce shareholder value. Technical indicators suggest cautious optimism.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
YTD Price Performance: -4.39%
Average Trading Volume: 1,681,731
Technical Sentiment Signal: Sell
Current Market Cap: £2.15B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.