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The latest announcement is out from Impax Asset Management ( (GB:IPX) ).
Impax Asset Management Group plc has announced the purchase of 35,000 of its own ordinary shares as part of a buyback program initiated earlier in the year. This move is part of a broader strategy to optimize the company’s capital structure and potentially enhance shareholder value, with the purchased shares set to be canceled, affecting the total voting rights and share calculations for stakeholders.
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 sector, focusing on asset management services. The company is known for its investment strategies that emphasize environmental sustainability and resource efficiency.
Average Trading Volume: 362,150
Technical Sentiment Signal: Strong Sell
Current Market Cap: £212M
Learn more about IPX stock on TipRanks’ Stock Analysis page.