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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc announced the purchase of 81,122 of its own ordinary shares as part of its ongoing share buyback program, initially announced in July 2025. This move is part of a broader strategy to manage the company’s capital structure and return value to shareholders, reflecting confidence in its financial health and future prospects.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £10.00 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 production and biomass power generation. The company is known for its efforts in transitioning to sustainable energy sources and reducing carbon emissions.
Average Trading Volume: 1,123,218
Technical Sentiment Signal: Buy
Current Market Cap: £2.44B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.