Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc has executed a share buyback transaction as part of its ongoing share buyback programme, purchasing 259,723 ordinary shares on the London Stock Exchange. This transaction is part of the company’s strategy to manage its capital structure and enhance shareholder value, with a total of 38,855,972 shares purchased since the programme’s announcement 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’s overall stock score of 80 is driven by a robust valuation and positive technical indicators. Financial performance and strategic management of capital through share buybacks bolster the company’s outlook despite some challenges in revenue growth and regulatory uncertainties.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Average Trading Volume: 1,452,139
Technical Sentiment Signal: Buy
Current Market Cap: £2.35B
Learn more about DRX stock on TipRanks’ Stock Analysis page.