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Drax Group plc ( (GB:DRX) ) just unveiled an announcement.
Drax Group plc has announced the purchase of 103,500 of its ordinary shares as part of its share buyback programme, which was initially announced on 31 July 2025. The shares were purchased at prices ranging from 719.5000 pence to 734.5000 pence, with a volume-weighted average price of 727.9851 pence. This transaction leaves Drax Group with 432,136,666 ordinary shares in issue, including treasury shares, and 342,929,278 voting rights excluding treasury shares. The buyback is part of Drax’s ongoing efforts to manage its capital structure and return value to shareholders.
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 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
Average Trading Volume: 1,142,322
Technical Sentiment Signal: Buy
Current Market Cap: £2.44B
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.