Impax Asset Management Group (LON:IPX) Hits New 12-Month Low – What’s Next?

Impax Asset Management Group Plc (LON:IPX)’s stock price hit a new 52-week low during mid-day trading on Friday. The company traded as low as GBX 86.50 and last traded at GBX 87.30, with a volume of 846,899 shares changing hands. The stock had previously closed at GBX 88.20.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price target on 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 MarketBeat, Impax Asset Management Group currently has a consensus rating of “Buy” and an average target price of GBX 135.

Impax Asset Management Group Stock Performance

The firm has a fifty day moving average price of GBX 98.59 and a 200 day moving average price of GBX 112.13. The company has a debt-to-equity ratio of 4.53, a quick ratio of 2.26 and a current ratio of 46.93. The stock has a market cap of £106.07 million, a PE ratio of 8.31, 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.