Impax Asset Management Continues Share Buyback Program

Impax Asset Management ( (GB:IPX) ) has provided an update.

Impax Asset Management Group plc has repurchased 25,000 of its ordinary shares at a price of 180 GBp each as part of its ongoing buyback program. This transaction is part of a broader strategy to manage the company’s share capital, with a total of 265,000 shares repurchased since the program’s initiation, potentially impacting shareholder value and market perception.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £330.00 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 robust financial performance, combined with positive technical indicators and undervaluation, contribute significantly to its overall score. However, the decline in AUM and expected underperformance, as highlighted in recent corporate events, weigh negatively on the stock outlook.

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 emphasize sustainability and environmental responsibility.

Average Trading Volume: 607,479

Technical Sentiment Signal: Sell

Current Market Cap: £233.4M

Find detailed analytics on IPX stock on TipRanks’ Stock Analysis page.