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Drax Group plc ( (GB:DRX) ) just unveiled an announcement.
Drax Group plc announced the purchase of 76,241 of its own ordinary shares as part of its ongoing share buyback program initiated in July 2025. This transaction, executed through J.P. Morgan Securities plc, reflects Drax’s strategy to manage its capital structure and potentially enhance shareholder value. Following this purchase, the company now has 432,166,899 ordinary shares in issue, with 90,796,620 held in treasury. The buyback program, which has seen the acquisition of over 3.6 million shares since its announcement, underscores Drax’s commitment to optimizing its financial operations and maintaining a strong market position.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £8.50 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’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 operates in the energy sector, focusing on renewable energy generation and biomass power production. The company is known for its efforts in transitioning from coal-fired power to sustainable energy sources, positioning itself as a leader in the renewable energy market.
Average Trading Volume: 1,104,772
Technical Sentiment Signal: Buy
Current Market Cap: £2.52B
Learn more about DRX stock on TipRanks’ Stock Analysis page.