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Impax Asset Management ( (GB:IPX) ) has provided an announcement.
Impax Asset Management Group plc has executed a share buyback, purchasing 50,000 ordinary shares at an average price of 176.79 GBp as part of its ongoing buyback programme. This move, which results in a total of 1,582,500 shares repurchased since the programme’s inception, aims to cancel the acquired shares, thereby potentially enhancing shareholder value and adjusting the company’s capital structure.
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 industry, focusing on asset management services. The company is known for its commitment to sustainable investment strategies and operates primarily in the UK market.
Average Trading Volume: 327,540
Technical Sentiment Signal: Strong Sell
Current Market Cap: £223.8M
For an in-depth examination of IPX stock, go to TipRanks’ Overview page.