Berenberg Bank Has Lowered Expectations for Impax Asset Management Group (LON:IPX) Stock Price

Impax Asset Management Group (LON:IPX - Get Free Report) had its target price dropped by analysts at Berenberg Bank from GBX 330 ($4.45) to GBX 300 ($4.05) in a research report issued on Wednesday, MarketBeat.com reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price objective would suggest a potential upside of 51.67% from the company's current price.

Impax Asset Management Group Stock Down 2.8%

Shares of IPX traded down GBX 5.70 ($0.08) during midday trading on Wednesday, reaching GBX 197.80 ($2.67). 766,281 shares of the company were exchanged, compared to its average volume of 1,010,253. The stock has a 50-day moving average price of GBX 181.22 and a 200-day moving average price of GBX 185.87. The company has a market cap of £250.59 million, a price-to-earnings ratio of 6.30, a P/E/G ratio of 5.05 and a beta of 1.64. Impax Asset Management Group has a 1-year low of GBX 112.60 ($1.52) and a 1-year high of GBX 422 ($5.69). The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94.

Impax Asset Management Group (LON:IPX - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported GBX 9.80 ($0.13) EPS for the quarter. Impax Asset Management Group had a return on equity of 32.67% and a net margin of 22.60%.

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.