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Impax Asset Management ( (GB:IPX) ) has shared an update.
Impax Asset Management Group plc has executed a share buyback, purchasing 240,000 ordinary shares at an average price of 186.01 GBp as part of a previously announced buyback program. This transaction reduces the total number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder voting rights.
The most recent analyst rating on (GB:IPX) stock is a Buy with a £207.00 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. The company’s robust cash flow and low P/E ratio, coupled with a high dividend yield, suggest a solid investment opportunity. Technical analysis indicates some short-term weakness, but the overall outlook remains positive.
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 with a market emphasis on sustainable investment strategies.
Average Trading Volume: 313,325
Technical Sentiment Signal: Strong Sell
Current Market Cap: £241.3M
For an in-depth examination of IPX stock, go to TipRanks’ Overview page.