Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Impax Asset Management ( (GB:IPX) ).
Impax Asset Management Group plc has announced the purchase of 40,000 of its ordinary shares as part of its ongoing buyback program. This move is part of a broader strategy to optimize the company’s capital structure and potentially enhance shareholder value. The company has now acquired a total of 4,676,694 shares since the start of the buyback initiative, leaving 127,919,860 shares in circulation. This action reflects Impax’s commitment to managing its equity base effectively, which could have implications for its market positioning and stakeholder interests.
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 services industry, focusing on asset management. It specializes in sustainable investment strategies, aiming to deliver long-term returns by investing in companies and projects that are making a positive impact on the environment and society.
Average Trading Volume: 351,641
Technical Sentiment Signal: Strong Sell
Current Market Cap: £225.2M
Learn more about IPX stock on TipRanks’ Stock Analysis page.