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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc has announced the purchase of 71,792 of its own ordinary shares as part of its ongoing share buyback programme, which was initiated on 31 July 2025. This transaction, executed through J.P. Morgan Securities plc, reflects Drax Group’s strategic efforts to manage its capital structure and potentially enhance shareholder value. Following this purchase, the company now has 432,170,164 ordinary shares in issue, with 91,305,853 held in treasury, impacting the total number of voting rights available to stakeholders.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £950.00 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, particularly in cash generation and profitability, along with positive technical indicators and a favorable valuation, contribute significantly to its overall score. The company’s strategic initiatives, including share buybacks and government agreements, further bolster its market position. However, challenges in revenue growth and market dynamics in the pellet sector pose risks that need careful management.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Average Trading Volume: 1,118,808
Technical Sentiment Signal: Buy
Current Market Cap: £2.67B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.