Drax Group plc (GB:DRX) has released an update.
Drax Group plc has actively pursued its share buyback programme, purchasing 150,000 ordinary shares at an average price of 652.33 pence each, signaling the company’s confidence in its stock. This latest transaction contributes to a total of 2,842,382 shares bought back since the programme’s announcement, impacting the total number of voting rights and shares in issue. Such buybacks often aim to return value to shareholders and may reflect a positive outlook by company management.
For further insights into GB:DRX stock, check out TipRanks’ Stock Analysis page.
