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Impax Asset Management Executes Share Buyback Program

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Impax Asset Management Executes Share Buyback Program

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Impax Asset Management ( (GB:IPX) ) has issued an update.

Impax Asset Management Group plc has executed a share buyback, purchasing 20,000 of its ordinary shares at a price of 184.40 GBp each as part of a previously announced buyback program. This transaction is part of a broader strategy to manage the company’s capital structure, with a total of 855,000 shares repurchased since the program’s inception. The cancellation of these shares will adjust the total voting rights, impacting shareholder calculations under regulatory guidelines.

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 score. The company’s active share buyback program further supports shareholder value. However, technical indicators suggest bearish momentum, which slightly tempers 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 services industry, focusing on asset management. The company specializes in sustainable investment strategies, targeting environmental markets and providing investment solutions that address long-term risks and opportunities associated with climate change, resource scarcity, and other sustainability challenges.

Average Trading Volume: 425,116

Technical Sentiment Signal: Sell

Current Market Cap: £243.1M

For a thorough assessment of IPX stock, go to TipRanks’ Stock Analysis page.

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