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An update from Impax Asset Management ( (GB:IPX) ) is now available.
Impax Asset Management Group plc announced the purchase of 50,000 of its own ordinary shares as part of a buyback program initiated earlier in the year. This transaction is part of a broader strategy to manage the company’s capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:IPX) stock is a Buy with a £210.00 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 stock score. While technical indicators show mixed signals, the company’s robust cash flow and low valuation metrics provide a solid foundation for potential growth and income.
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, social, and governance (ESG) factors, catering to clients interested in sustainable and responsible investing.
Average Trading Volume: 347,111
Technical Sentiment Signal: Sell
Current Market Cap: £231.1M
Find detailed analytics on IPX stock on TipRanks’ Stock Analysis page.