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Impax Asset Management ( (GB:IPX) ) has issued an update.
Impax Asset Management Group plc has executed a share buyback, purchasing 50,000 of its ordinary shares at an average price of 171.38 GBp per share. This move is part of a broader buyback program aimed at reducing the total number of shares in circulation, which could enhance shareholder value by increasing earnings per share and demonstrating confidence in the company’s future prospects.
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 industry, focusing on asset management services. The company is known for its investment strategies that emphasize environmental sustainability and resource efficiency, targeting markets that benefit from the transition to a more sustainable global economy.
Average Trading Volume: 360,178
Technical Sentiment Signal: Strong Sell
Current Market Cap: £216.6M
For detailed information about IPX stock, go to TipRanks’ Stock Analysis page.