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Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc announced the purchase of 74,094 of its own ordinary shares as part of its ongoing share buyback programme. This transaction, executed through J.P. Morgan Securities plc, is part of a larger initiative that has seen the company repurchase a total of 3,578,979 shares since July 2025. The buyback is intended to optimize the capital structure and return value to shareholders, potentially impacting the company’s market positioning and shareholder interests.
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 British energy company primarily involved in renewable energy generation and biomass power production. The company focuses on providing sustainable energy solutions and operates one of the largest biomass power stations in the UK.
Average Trading Volume: 1,108,187
Technical Sentiment Signal: Buy
Current Market Cap: £2.54B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.