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An update from Impax Asset Management ( (GB:IPX) ) is now available.
Impax Asset Management Group plc announced the repurchase of 10,000 ordinary shares at a price of 183.10 GBp each as part of its ongoing buyback programme. This transaction brings the total number of shares repurchased to 932,500, leaving the company with 131,664,054 shares in issue. The buyback initiative aims to enhance shareholder value and optimize the company’s capital structure, reflecting Impax’s commitment to maintaining financial stability and transparency for its stakeholders.
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 specializes in sustainable investment strategies, catering to clients interested in environmentally and socially responsible investing.
Average Trading Volume: 352,362
Technical Sentiment Signal: Sell
Current Market Cap: £233.2M
For an in-depth examination of IPX stock, go to TipRanks’ Overview page.