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Impax Asset Management ( (GB:IPX) ) has issued an announcement.
Impax Asset Management Group plc has executed a share buyback program, purchasing 40,000 of its ordinary shares at a volume-weighted average price of 181.78 GBp per share. This move is part of a larger buyback initiative that has seen the company repurchase a total of 335,000 shares, which will be cancelled, potentially impacting the company’s share value and voting rights structure.
The most recent analyst rating on (GB:IPX) stock is a Buy with a £620.00 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 key strengths, supporting a positive investment case. However, technical indicators show mixed signals, and corporate events highlight both strategic progress and market challenges, balancing the overall score.
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 investment strategies that emphasize sustainability and environmental responsibility, catering to a market that values eco-friendly and socially responsible investment opportunities.
Average Trading Volume: 585,871
Technical Sentiment Signal: Sell
Current Market Cap: £225.7M
For detailed information about IPX stock, go to TipRanks’ Stock Analysis page.