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An announcement from Impax Asset Management ( (GB:IPX) ) is now available.
Impax Asset Management Group plc has executed a share buyback program, purchasing 10,000 of its ordinary shares at a price of 204.90 GBp each, as part of a previously announced initiative. This transaction brings the total number of shares repurchased to 595,000, with the company planning to cancel these shares, impacting the total voting rights and share capital structure, which now stands at 132,001,554 shares in issue.
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 scores high due to its strong financial performance and attractive valuation. The ongoing share buyback program and AUM growth further enhance its position, reflecting management’s confidence and operational success. Technical indicators suggest positive momentum, although caution is warranted due to potential overbought conditions.
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 environmental sustainability and resource efficiency.
Average Trading Volume: 454,427
Technical Sentiment Signal: Sell
Current Market Cap: £261.1M
For detailed information about IPX stock, go to TipRanks’ Stock Analysis page.