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Drax Group plc ( (GB:DRX) ) just unveiled an announcement.
Drax Group plc announced the purchase of 72,833 of its ordinary shares as part of its ongoing share buyback program. This transaction, conducted through J.P. Morgan Securities plc, reflects Drax’s strategic initiative to manage its capital structure and potentially enhance shareholder value. The buyback program, initiated on July 31, 2025, has seen the acquisition of a total of 3,800,911 shares, indicating the company’s commitment to this financial strategy. The transaction impacts the total number of shares in issue and voting rights, which stakeholders can use for their interest calculations under regulatory rules.
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 is a prominent player in the energy sector, primarily focusing on renewable energy generation and supply. The company is known for its significant contributions to sustainable energy solutions, with a market focus on reducing carbon emissions and enhancing energy efficiency.
Average Trading Volume: 1,122,772
Technical Sentiment Signal: Buy
Current Market Cap: £2.66B
See more data about DRX stock on TipRanks’ Stock Analysis page.