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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc, a company involved in energy production, has announced a transaction involving the repurchase of its own shares as part of a previously announced share buyback program. On May 16, 2025, Drax Group purchased 150,000 ordinary shares at an average price of 617.88 pence per share. This transaction is part of the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value. Following this purchase, the total number of ordinary shares in issue is 429,598,592, with 74,642,620 held in treasury. The buyback program, which began in August 2024, has seen Drax Group repurchase a total of 34,669,628 shares to date.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £7.50 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 scores well due to robust financial performance, especially in cash generation and profitability, and attractive valuation metrics. The company’s strategic initiatives, including share buybacks and dividend increases, enhance shareholder value. However, challenges like inconsistent revenue growth and regulatory uncertainties temper the outlook. Technical indicators suggest cautious optimism, with potential resistance at current levels.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Average Trading Volume: 1,588,762
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.16B
Learn more about DRX stock on TipRanks’ Stock Analysis page.