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Drax Group plc ( (GB:DRX) ) just unveiled an announcement.
Drax Group plc has executed a share buyback program, purchasing 100,559 of its ordinary shares on the London Stock Exchange. This move is part of a broader strategy announced in July 2025, aimed at consolidating its shares and potentially enhancing shareholder value. The transaction leaves Drax with 432,098,677 shares in issue, with 88,795,212 held in treasury, impacting the total voting rights available to shareholders.
The most recent analyst rating on (GB:DRX) stock is a Hold with a £6.89 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 is a British energy company primarily involved in renewable energy production and biomass power generation. The company focuses on sustainable energy solutions and operates in the energy sector, with a significant emphasis on reducing carbon emissions.
Average Trading Volume: 1,134,852
Technical Sentiment Signal: Buy
Current Market Cap: £2.57B
For a thorough assessment of DRX stock, go to TipRanks’ Stock Analysis page.