TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Impax Asset Management ( (GB:IPX) ) has shared an update.
Impax Asset Management Group plc has executed a share buyback, purchasing 70,000 of its ordinary shares as part of a previously announced buyback program. This transaction, conducted through Peel Hunt LLP, is part of a broader strategy to manage the company’s capital structure, with the purchased shares intended for cancellation. This move reduces the total number of shares in circulation, potentially enhancing shareholder value and adjusting the company’s market positioning.
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 financial sector, focusing on asset management services. It is known for its investment strategies that emphasize sustainable development and environmental markets.
Average Trading Volume: 412,517
Technical Sentiment Signal: Strong Sell
Current Market Cap: £192.3M
For an in-depth examination of IPX stock, go to TipRanks’ Overview page.