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An announcement from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has executed a share buyback transaction as part of its ongoing share buyback programme, purchasing 263,623 ordinary shares on the London Stock Exchange. The transaction reflects the company’s continued efforts to manage its capital structure and return value to shareholders, with a total of 39,119,595 shares purchased since the programme’s inception in August 2024.
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 demonstrates strong financial performance and technical indicators, supported by a low valuation and strategic corporate actions. The bullish momentum, enhanced shareholder returns, and attractive valuation underpin a favorable outlook, although challenges like regulatory uncertainties remain.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Average Trading Volume: 1,460,697
Technical Sentiment Signal: Buy
Current Market Cap: £2.33B
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.