Impax Asset Management Executes Share Buyback

An announcement from Impax Asset Management ( (GB:IPX) ) is now available.

Impax Asset Management Group plc has repurchased 50,000 of its ordinary shares at a price of 193.60 GBp each as part of its ongoing buyback program. This transaction is part of a broader strategy to manage the company’s capital structure, with the purchased shares intended for cancellation, impacting the total voting rights and share count available to stakeholders.

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 strong financial performance and attractive valuation are the primary drivers of its overall stock score. The company’s strategic initiatives, such as share buybacks and acquisitions, reflect confidence in its future prospects. However, technical analysis suggests caution due to near-overbought conditions, and market challenges affecting AUM introduce some risk.

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, specializing in sustainable investment strategies. The company focuses on providing asset management services with an emphasis on environmental, social, and governance (ESG) factors.

Average Trading Volume: 635,292

Technical Sentiment Signal: Sell

Current Market Cap: £249.9M

Learn more about IPX stock on TipRanks’ Stock Analysis page.