Impax Asset Management Group (LON:IPX) Stock Price Down 0.1% – Here’s Why

Impax Asset Management Group Plc (LON:IPX)’s stock price traded down 0.1% during trading on Tuesday. The stock traded as low as GBX 88.80 and last traded at GBX 89.10. Approximately 244,382 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 760,048 shares. The stock had previously closed at GBX 89.20.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on shares of Impax Asset Management Group from GBX 170 to GBX 135 and set a “buy” rating for the company in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 135.

Impax Asset Management Group Stock Down 0.1%

The company has a debt-to-equity ratio of 4.53, a current ratio of 46.93 and a quick ratio of 2.26. The company has a fifty day moving average price of GBX 99.75 and a 200 day moving average price of GBX 113.25. The company has a market cap of £108.25 million, a PE ratio of 8.49, a price-to-earnings-growth ratio of 5.05 and a beta of 1.32.

Impax Asset Management Group Company Profile

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.