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Drax Group plc ( (GB:DRX) ) just unveiled an update.
Drax Group plc has executed a share buyback program, purchasing 103,455 of its ordinary shares on the London Stock Exchange. This move is part of a broader strategy announced in July 2025, which has seen the company acquire a total of 1,857,467 shares for treasury. The buyback aims to optimize the capital structure and potentially enhance shareholder value, reflecting Drax’s commitment to strategic financial management.
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 is a prominent player 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 low-carbon energy market.
Average Trading Volume: 1,132,451
Technical Sentiment Signal: Buy
Current Market Cap: £2.48B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.