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Drax Group plc ( (GB:DRX) ) just unveiled an announcement.
Drax Group plc has executed a share buyback program, purchasing 104,719 of its ordinary shares on the London Stock Exchange. This move is part of a previously announced program and affects the total number of shares in issue and voting rights, potentially impacting shareholder interests and market perceptions.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £742.00 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 score reflects its strong financial performance and attractive valuation, supported by positive earnings call insights. However, technical indicators suggest potential bearish momentum, and challenges in revenue growth and market conditions pose risks.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Drax Group plc operates in the energy sector, focusing on renewable energy generation and supply. It is known for its biomass-fueled power stations and aims to contribute to a zero-carbon, lower-cost energy future.
Average Trading Volume: 1,229,315
Technical Sentiment Signal: Buy
Current Market Cap: £2.45B
Learn more about DRX stock on TipRanks’ Stock Analysis page.