Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Impax Asset Management ( (GB:IPX) ) has provided an update.
Impax Asset Management Group plc announced the purchase of 25,000 of its own ordinary shares as part of a buyback program initiated earlier in the year. This move, which aims to cancel the purchased shares, reflects the company’s ongoing strategy to manage its share capital and potentially enhance shareholder value. Following this transaction, Impax has acquired a total of 4,139,990 shares under the program, leaving 128,456,564 shares in issue. This buyback could impact the company’s market positioning by optimizing capital structure and signaling confidence in its financial health to stakeholders.
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 specializes in sustainable investments, offering a range of investment products and services aimed at promoting environmental sustainability and responsible resource management.
Average Trading Volume: 358,019
Technical Sentiment Signal: Sell
Current Market Cap: £236M
Learn more about IPX stock on TipRanks’ Stock Analysis page.