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Drax Group plc ( (GB:DRX) ) just unveiled an announcement.
Drax Group plc has executed a share buyback program, purchasing 170,563 of its ordinary shares at a weighted average price of 642.60 pence per share. This transaction is part of a larger buyback initiative announced in August 2024, aimed at consolidating the company’s share capital and potentially enhancing shareholder value.
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’s overall score is supported by strong technical analysis and attractive valuation metrics. Solid financial performance and strategic corporate actions further bolster the company’s prospects, despite some regulatory uncertainties.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Average Trading Volume: 1,628,532
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.28B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.
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