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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc has announced the purchase of 72,858 of its ordinary shares as part of its ongoing share buyback programme, which was initiated on 31 July 2025. This transaction is part of a larger effort, with the company having acquired a total of 3,728,078 shares for treasury since the programme’s inception. The buyback initiative is likely aimed at consolidating the company’s share capital and potentially enhancing shareholder value, reflecting Drax’s strategic financial management in the energy sector.
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 company operating in the energy sector, primarily focusing on renewable energy solutions and power generation. The company is known for its efforts in transitioning from coal-based energy production to sustainable biomass energy, positioning itself as a leader in the renewable energy market.
Average Trading Volume: 1,112,742
Technical Sentiment Signal: Buy
Current Market Cap: £2.49B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.