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Impax Asset Management ( (GB:IPX) ) has shared an update.
Impax Asset Management Group plc has executed a share buyback, purchasing 100,000 ordinary shares at a volume-weighted average price of 182.80 GBp. This transaction is part of a broader buyback program initiated earlier in the year, with the company having repurchased a total of 3,684,128 shares to date. The purchased shares will be canceled, reducing the total number of shares in circulation to 128,912,426. This move is likely to impact the company’s share value and voting rights, providing existing shareholders with a clearer picture of their stake in the company.
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 industry, focusing on asset management services. The company is known for its investment strategies that emphasize environmental sustainability and resource efficiency.
Average Trading Volume: 333,479
Technical Sentiment Signal: Strong Sell
Current Market Cap: £230.5M
See more insights into IPX stock on TipRanks’ Stock Analysis page.