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Impax Asset Management ( (GB:IPX) ) has shared an announcement.
Impax Asset Management Group plc announced the purchase of 16,665 of its ordinary shares as part of its ongoing buyback program. This move, which aims to cancel the purchased shares, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following this transaction, the total number of shares purchased under the program reached 4,114,990, with 128,481,564 shares remaining in issue. The buyback could impact the company’s market positioning by signaling confidence in its financial health and commitment to returning value to shareholders.
The most recent analyst rating on (GB:IPX) stock is a Buy with a £210.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.
Spark’s Take on GB:IPX Stock
According to Spark, TipRanks’ AI Analyst, GB:IPX is a Outperform.
Impax Asset Management’s strong financial performance and attractive valuation are the primary drivers of its stock score. While technical indicators show mixed signals, the company’s robust cash flow and low valuation metrics provide a solid foundation for potential growth and income.
To see Spark’s full report on GB:IPX stock, click here.
More about Impax Asset Management
Impax Asset Management Group plc operates in the financial services industry, focusing on asset management. The company is known for its investment strategies that emphasize environmental, social, and governance (ESG) factors, catering to clients interested in sustainable investing.
Average Trading Volume: 360,721
Technical Sentiment Signal: Sell
Current Market Cap: £235.5M
For detailed information about IPX stock, go to TipRanks’ Stock Analysis page.