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Drax Group plc ( (GB:DRX) ) has issued an update.
Drax Group plc has executed a share buyback program, purchasing 103,800 of its ordinary shares on the London Stock Exchange. This move, part of a broader initiative announced in July 2025, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. The transaction leaves Drax with 432,151,926 ordinary shares in issue, including treasury shares, and 342,528,761 voting rights. This buyback is part of a larger aggregate purchase of 2,481,765 shares since the program’s inception, indicating a significant commitment to this financial strategy.
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
Drax Group plc is a prominent player in the energy sector, primarily focusing on renewable energy solutions and power generation. The company is known for its efforts in transitioning from coal-based power generation to sustainable energy sources, positioning itself as a leader in the renewable energy market.
Average Trading Volume: 1,123,218
Technical Sentiment Signal: Buy
Current Market Cap: £2.44B
Learn more about DRX stock on TipRanks’ Stock Analysis page.