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Impax Asset Management ( (GB:IPX) ) has issued an update.
Impax Asset Management Group plc has announced the purchase of 50,000 of its ordinary shares as part of a buyback program initiated earlier in the year. This transaction, executed through Peel Hunt LLP, reflects the company’s ongoing efforts to manage its share capital, with the purchased shares set to be canceled. The buyback program is part of Impax’s strategy to optimize its capital structure, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
The most recent analyst rating on (GB:IPX) stock is a Buy with a £204.00 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 score. The company’s robust cash flow and low P/E ratio suggest potential for growth and income. Technical indicators show mixed signals, with some bearish trends but potential for reversal. The absence of earnings call data and corporate events does not impact the score.
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 sustainability and environmental responsibility, catering to clients who prioritize these values in their investment portfolios.
Average Trading Volume: 314,772
Technical Sentiment Signal: Strong Sell
Current Market Cap: £227.9M
For a thorough assessment of IPX stock, go to TipRanks’ Stock Analysis page.