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Impax Asset Management ( (GB:IPX) ) has shared an announcement.
Impax Asset Management Group plc has executed a share buyback, purchasing 34,197 of its ordinary shares at an average price of 196.48 GBp each. This move is part of a larger buyback program initiated earlier in the year, and the company plans to cancel these shares, which will adjust the total voting rights and shares in issue, potentially impacting shareholder calculations under regulatory guidelines.
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 is known for its sustainable investment strategies, offering a range of investment products that emphasize environmental, social, and governance (ESG) criteria.
Average Trading Volume: 361,037
Technical Sentiment Signal: Sell
Current Market Cap: £237.8M
Learn more about IPX stock on TipRanks’ Stock Analysis page.