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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 at a price of 176.20 GBp each as part of its ongoing buyback programme. This transaction is part of a larger initiative that has seen the company repurchase a total of 972,500 shares, which will be cancelled, 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 £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 investment management with a particular emphasis on sustainable and environmental markets.
Average Trading Volume: 352,362
Technical Sentiment Signal: Sell
Current Market Cap: £233.2M
Find detailed analytics on IPX stock on TipRanks’ Stock Analysis page.