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An update from Impax Asset Management ( (GB:IPX) ) is now available.
Impax Asset Management Group plc has executed a share buyback, purchasing 340,000 of its ordinary shares at an average price of 174.26 GBp as part of a previously announced buyback program. This move reduces the total number of shares in circulation, potentially enhancing shareholder value and reflecting the company’s confidence in its financial health.
The most recent analyst rating on (GB:IPX) stock is a Buy with a £213.00 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 overall score. Despite some short-term technical weakness, the company’s robust cash flow and low P/E ratio, coupled with a high dividend yield, present a compelling investment case.
To see Spark’s full report on GB:IPX stock, click here.
More about Impax Asset Management
Impax Asset Management Group plc operates within the financial services industry, focusing on asset management. The company is known for its investment strategies that emphasize environmental sustainability and resource efficiency.
Average Trading Volume: 330,723
Technical Sentiment Signal: Strong Sell
Current Market Cap: £219.9M
For detailed information about IPX stock, go to TipRanks’ Stock Analysis page.