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Impax Asset Management Continues Share Buyback Program

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Impax Asset Management Continues Share Buyback Program

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Impax Asset Management ( (GB:IPX) ) has shared an announcement.

Impax Asset Management Group plc announced the purchase of 40,000 of its own ordinary shares at a price of 184 GBp each as part of its ongoing buyback program. This transaction is part of a larger strategy, with the company having repurchased a total of 775,000 shares since the program’s inception, reducing the total number of shares in circulation and potentially enhancing shareholder value.

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 strong financial performance and attractive valuation are the primary drivers of its overall score. The ongoing share buyback program and growth in assets under management further enhance the company’s outlook. However, bearish technical indicators suggest caution in the short term.

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 is known for its investment strategies that emphasize environmental, social, and governance (ESG) factors, catering to clients who prioritize sustainable and responsible investing.

Average Trading Volume: 433,678

Technical Sentiment Signal: Sell

Current Market Cap: £234M

See more data about IPX stock on TipRanks’ Stock Analysis page.

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