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Drax Group plc ( (GB:DRX) ) just unveiled an update.
Drax Group plc announced the appointment of Frank Lemmink as Chief Financial Officer, effective 1 September 2025, and the subsequent awarding of shares under the Long Term Incentive Plan 2020. These awards, which include both new and replacement awards, are contingent upon meeting certain performance conditions and continued employment, reflecting Drax’s commitment to aligning executive incentives with long-term company performance.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £729.00 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 strong financial performance and strategic progress in renewable energy initiatives are significant strengths. The stock’s undervaluation and attractive dividend yield further enhance its appeal. However, technical indicators suggest caution, and challenges in revenue growth and project execution could impact future performance.
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, primarily focusing on renewable energy solutions. The company is known for its biomass power generation and aims to lead the transition to a low-carbon economy.
Average Trading Volume: 1,337,395
Technical Sentiment Signal: Buy
Current Market Cap: £2.24B
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.