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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 update.

Impax Asset Management Group plc announced the purchase of 12,500 of its own ordinary shares at a price of 194.40 GBp each as part of its ongoing buyback program. This transaction brings the total number of shares repurchased to 882,500 since the program’s inception, reducing the total number of shares in circulation and potentially impacting shareholder value and market perception.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £216.00 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 score. The company’s robust cash flow and low P/E ratio, combined with a high dividend yield, make it appealing despite neutral technical indicators. The absence of earnings call and corporate events data does not impact the overall assessment.

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 investment management. The company specializes in sustainable investment strategies, aiming to deliver long-term returns by investing in companies that contribute to a more sustainable economy.

Average Trading Volume: 411,592

Technical Sentiment Signal: Sell

Current Market Cap: £242.2M

Learn more about IPX stock on TipRanks’ Stock Analysis page.

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