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Impax Asset Management ( (GB:IPX) ) has issued an announcement.
Impax Asset Management Group plc has executed a share buyback, purchasing 70,000 ordinary shares as part of its ongoing buyback program. This move, which will see the shares canceled, is part of a broader strategy to manage the company’s capital structure and potentially enhance 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 investment management with a particular emphasis on sustainable and environmental markets.
Average Trading Volume: 397,338
Technical Sentiment Signal: Strong Sell
Current Market Cap: £213.8M
For detailed information about IPX stock, go to TipRanks’ Stock Analysis page.