Impax Asset Management Executes Share Buyback

Impax Asset Management ( (GB:IPX) ) has shared an announcement.

Impax Asset Management Group plc has executed a share buyback, purchasing 10,000 ordinary shares at a consistent price of 190 GBp per share. This transaction is part of a previously announced buyback program, bringing the total shares repurchased to 385,000. The company plans to cancel these shares, impacting the total voting rights available to shareholders.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £440.00 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 most significant factors supporting its stock score. The positive technical indicators provide additional support, although less strongly. While corporate events such as strategic acquisitions and share buybacks are positive, they are offset by challenges such as AUM decline and profit warnings, leading to a balanced view.

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 specializes in sustainable investment strategies, aiming to provide financial returns while promoting environmental and social benefits.

Average Trading Volume: 577,340

Technical Sentiment Signal: Sell

Current Market Cap: £243.4M

Find detailed analytics on IPX stock on TipRanks’ Stock Analysis page.