Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Impax Asset Management ( (GB:IPX) ) has shared an update.
Impax Asset Management Group plc has executed a share buyback, purchasing 63,964 of its ordinary shares at an average price of 144.53 GBp per share. This transaction is part of a broader buyback program initiated earlier in the year, aimed at reducing the number of shares in circulation, which now stands at 127,040,896. The cancellation of these shares is expected to impact the company’s capital structure and potentially enhance shareholder value by increasing earnings per share.
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 services industry, specializing in investment management. The company focuses on sustainable investment strategies, providing asset management services with a commitment to environmental, social, and governance (ESG) criteria.
Average Trading Volume: 469,840
Technical Sentiment Signal: Strong Sell
Current Market Cap: £178.9M
See more insights into IPX stock on TipRanks’ Stock Analysis page.