Impax Asset Management Executes Share Buyback

The latest announcement is out from Impax Asset Management ( (GB:IPX) ).

Impax Asset Management Group plc has repurchased 25,000 of its ordinary shares as part of a buyback program, with each share purchased at a price of 175 GBp. This transaction reduces the total number of shares in circulation to 132,571,554, potentially impacting shareholder voting rights and ownership percentages.

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 overall stock score reflects strong financial performance, attractive valuation, and positive corporate events. The low P/E ratio and high dividend yield enhance its appeal, while technical indicators show bullish momentum. However, the significant decline in AUM and potential overbought conditions are risks to monitor.

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 sustainable development and environmental markets.

Average Trading Volume: 1,030,409

Technical Sentiment Signal: Sell

Current Market Cap: £230.5M

For an in-depth examination of IPX stock, go to TipRanks’ Stock Analysis page.