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The latest announcement is out from Impax Asset Management ( (GB:IPX) ).
Impax Asset Management Group plc has executed a share buyback, purchasing 60,000 of its ordinary shares at an average price of 146.56 GBp per share. This move is part of a broader buyback program initiated earlier in the year, resulting in a total of 5,151,694 shares repurchased. The company plans to cancel these shares, which will adjust the total number of shares in circulation and potentially impact shareholder value and voting rights.
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 is a company operating in the asset management industry, focusing on sustainable investment strategies. It offers a range of investment products and services aimed at addressing environmental and social challenges, catering to investors interested in sustainable and responsible investment opportunities.
Average Trading Volume: 444,203
Technical Sentiment Signal: Strong Sell
Current Market Cap: £181.8M
Find detailed analytics on IPX stock on TipRanks’ Stock Analysis page.