Berenberg Bank Reiterates Buy Rating for Impax Asset Management Group (LON:IPX)

Berenberg Bank restated their buy rating on shares of Impax Asset Management Group (LON:IPX) in a research report report published on Tuesday, MarketBeat reports. They currently have a GBX 700 ($8.86) price target on the stock.

Impax Asset Management Group Stock Up 0.3 %

IPX opened at GBX 475.50 ($6.02) on Tuesday. The business’s fifty day moving average is GBX 471.60 and its two-hundred day moving average is GBX 471.33. The company has a debt-to-equity ratio of 6.53, a quick ratio of 2.26 and a current ratio of 3.15. The company has a market cap of £610.16 million, a price-to-earnings ratio of 1,585.00, a PEG ratio of 5.05 and a beta of 1.51. Impax Asset Management Group has a one year low of GBX 350 ($4.43) and a one year high of GBX 871 ($11.02).

Impax Asset Management Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, February 8th were given a GBX 22.90 ($0.29) dividend. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. This represents a dividend yield of 5.08%. The ex-dividend date of this dividend was Thursday, February 8th. Impax Asset Management Group’s dividend payout ratio is currently 9,333.33%.

Insider Activity

In related news, insider Julia Bond acquired 5,500 shares of Impax Asset Management Group stock in a transaction dated Friday, April 5th. The shares were acquired at an average cost of GBX 434 ($5.49) per share, for a total transaction of £23,870 ($30,211.37). In related news, insider Ian Simm sold 16,667 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of GBX 522 ($6.61), for a total transaction of £87,001.74 ($110,114.85). Also, insider Julia Bond bought 5,500 shares of Impax Asset Management Group stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of GBX 434 ($5.49) per share, for a total transaction of £23,870 ($30,211.37). Insiders have purchased 25,000 shares of company stock worth $11,506,500 over the last three months. 19.47% of the stock is currently owned by corporate insiders.

Impax Asset Management Group Company Profile

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.