Impax Asset Management Executes Share Buyback Program

Impax Asset Management ( (GB:IPX) ) just unveiled an announcement.

Impax Asset Management Group plc has executed a share buyback, purchasing 50,000 of its ordinary shares at an average price of 187.00 GBp per share. This transaction is part of a larger buyback program initiated earlier in the year, aimed at reducing the number of shares in circulation and potentially increasing shareholder value. The company has now acquired a total of 2,344,128 shares under this program, leaving 130,252,426 shares in issue, which impacts the total voting rights available to shareholders.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £211.00 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 suggest some caution due to bearish momentum, the company’s robust cash flow and undervaluation present significant investment potential.

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 specializes in investment strategies that are environmentally and socially responsible, catering to a market that prioritizes sustainability and ethical investment.

Average Trading Volume: 313,325

Technical Sentiment Signal: Sell

Current Market Cap: £241.3M

See more insights into IPX stock on TipRanks’ Stock Analysis page.