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Impax Asset Management ( (GB:IPX) ) has issued an announcement.
Impax Asset Management Group plc has executed a share buyback transaction, purchasing 40,000 of its ordinary shares at an average price of 188.29 GBp per share. This move is part of a broader buyback program initiated earlier in the year, which has seen the company repurchase a total of 4,279,990 shares. The cancellation of these shares will adjust the total voting rights to 128,316,564, 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 industry, focusing on asset management services. The company is known for its investment strategies that are aligned with sustainable development and environmental, social, and governance (ESG) criteria.
Average Trading Volume: 351,521
Technical Sentiment Signal: Strong Sell
Current Market Cap: £229.4M
For a thorough assessment of IPX stock, go to TipRanks’ Stock Analysis page.