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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 40,000 of its own ordinary shares as part of its ongoing buyback program. This transaction, executed through Peel Hunt LLP, is part of a larger effort that has seen the company repurchase a total of 1,092,500 shares since the program’s inception. The company plans to cancel the purchased shares, which will leave it with 131,504,054 shares in issue, impacting the total voting rights available to shareholders.
The most recent analyst rating on (GB:IPX) stock is a Buy with a £213.00 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. Despite some short-term technical weakness, the company’s robust cash flow and low P/E ratio, coupled with a high dividend yield, present a compelling investment case.
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 sustainability and environmental impact, catering to clients interested in responsible investing.
Average Trading Volume: 338,364
Technical Sentiment Signal: Strong Sell
Current Market Cap: £226.9M
For an in-depth examination of IPX stock, go to TipRanks’ Overview page.