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Impax Asset Management ( (GB:IPX) ) has shared an announcement.
Impax Asset Management Group plc has executed a share buyback transaction, purchasing 15,000 of its ordinary shares at a price of 189.80 GBp each as part of its ongoing buyback program. This transaction is part of a larger strategy to manage the company’s capital structure, with a total of 870,000 shares repurchased since the program’s inception, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:IPX) stock is a Buy with a £211.00 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. The company’s active share buyback program further supports shareholder value. However, technical indicators suggest bearish momentum, which slightly tempers the overall score.
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 asset management industry, focusing on investment strategies that are environmentally and socially responsible. The company offers a range of investment products aimed at generating sustainable long-term returns while addressing global sustainability challenges.
Average Trading Volume: 416,620
Technical Sentiment Signal: Sell
Current Market Cap: £238.4M
See more insights into IPX stock on TipRanks’ Stock Analysis page.