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An update from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc, a company involved in energy production, has executed a share buyback transaction as part of its previously announced programme. On May 13, 2025, the company purchased 125,000 of its ordinary shares at a weighted average price of 616.04 pence per share. This transaction is part of an ongoing effort to manage its share capital, with a total of 34,187,221 shares purchased for treasury since the programme’s inception. The buyback impacts the total number of voting rights and shares in issue, potentially affecting shareholder calculations under regulatory disclosure rules.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £7.50 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 exhibits solid financial health with strong cash flow and profitability, supported by attractive valuation metrics. Strengths in income growth and strategic initiatives such as share buybacks are significant. However, challenges such as inconsistent revenue growth, regulatory uncertainties, and technical indicators suggest some caution. Overall, the stock is appealing for value and income-focused investors, with a positive outlook contingent on managing regulatory and market risks.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Average Trading Volume: 1,530,669
Technical Sentiment Signal: Buy
Current Market Cap: £2.17B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.