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Impax Asset Management ( (GB:IPX) ) has provided an update.
Impax Asset Management reported that its assets under management (AUM) remained stable at £26.1 billion for the fourth quarter of its financial year, slightly higher than the start of the second half. Despite net outflows, the company observed stabilizing flows and attracted significant inflows from Europe and North America. Impax’s investment strategies showed positive absolute performance, although they were affected by the dominance of AI mega-cap technology in global equity returns. The company remains confident in its investment thesis and competitive positioning.
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 is a specialist investor focused on the transition to a more sustainable economy. The company is listed on AIM and provides discretionary and advisory management services.
Average Trading Volume: 310,804
Technical Sentiment Signal: Sell
Current Market Cap: £246.5M
For detailed information about IPX stock, go to TipRanks’ Stock Analysis page.