Impax Asset Management Group (LON:IPX) Stock Price Down 7.3% – What’s Next?

Impax Asset Management Group Plc (LON:IPX)’s stock price dropped 7.3% during trading on Thursday . The company traded as low as GBX 142.20 and last traded at GBX 145.80. Approximately 475,268 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 856,102 shares. The stock had previously closed at GBX 157.20.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 300 price target on shares of Impax Asset Management Group in a research report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 262.50.

Impax Asset Management Group Stock Down 6.0%

The stock has a market capitalization of £179.00 million, a P/E ratio of 9.35, a PEG ratio of 5.05 and a beta of 1.64. The stock has a 50 day moving average price of GBX 153.51 and a 200-day moving average price of GBX 172.14. The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26.

Impax Asset Management Group (LON:IPX) last announced its quarterly earnings data on Monday, December 1st. The company reported GBX 15.90 earnings per share for the quarter. Impax Asset Management Group had a return on equity of 32.67% and a net margin of 22.60%.

About Impax Asset Management Group

Impax Asset Management was founded in 1998 and has been a pioneer in the development of investing in the transition to a more sustainable global economy. We are one of the largest investment managers dedicated to investing in sustainable markets globally.

We believe that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.