An announcement from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc, a prominent player in the energy sector, has executed a share buyback transaction as part of its ongoing program initiated in August 2024. On April 24, 2025, the company repurchased 250,000 ordinary shares at a weighted average price of 575.85 pence per share. This move is part of Drax’s strategy to manage its capital structure and enhance shareholder value, with the total number of shares in issue now standing at 429,592,911, including treasury shares.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc demonstrates strong financial performance and attractive valuation, with strategic initiatives supporting shareholder value. However, challenges such as inconsistent revenue growth, regulatory uncertainties, and bearish technical indicators weigh on the outlook. The stock shows potential for income and value-focused investors, but caution is advised due to market and regulatory risks.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
YTD Price Performance: -9.88%
Average Trading Volume: 1,732,815
Technical Sentiment Signal: Sell
Current Market Cap: £2.07B
See more data about DRX stock on TipRanks’ Stock Analysis page.