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Impax Asset Management ( (GB:IPX) ) has shared an update.
Impax Asset Management Group plc has executed a share buyback transaction, purchasing 40,000 of its ordinary shares at a price of 184.37 GBp each as part of a previously announced buyback program. This transaction contributes to a total of 735,000 shares repurchased since the program’s inception, 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 £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 highly due to its solid financial performance and attractive valuation. The combination of strong cash flow metrics, a healthy balance sheet, and a compelling dividend yield positions the company well for investors seeking value and income. Technical analysis indicates potential for positive trends, though momentum is currently neutral.
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. The company specializes in sustainable investing, offering asset management services with a focus on environmental markets and resource efficiency.
Average Trading Volume: 436,302
Technical Sentiment Signal: Sell
Current Market Cap: £235.1M
For a thorough assessment of IPX stock, go to TipRanks’ Stock Analysis page.