Berenberg Bank Lowers Impax Asset Management Group (LON:IPX) Price Target to GBX 300

Impax Asset Management Group (LON:IPX - Get Free Report) had its price target cut by research analysts at Berenberg Bank from GBX 330 ($4.45) to GBX 300 ($4.05) in a research note issued on Wednesday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target points to a potential upside of 51.67% from the stock's current price.

Impax Asset Management Group Stock Down 2.8%

Impax Asset Management Group stock traded down GBX 5.70 ($0.08) during midday trading on Wednesday, hitting GBX 197.80 ($2.67). The stock had a trading volume of 766,281 shares, compared to its average volume of 1,010,253. The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94. The stock has a market cap of £250.59 million, a P/E ratio of 6.30, a P/E/G ratio of 5.05 and a beta of 1.64. Impax Asset Management Group has a 12 month low of GBX 112.60 ($1.52) and a 12 month high of GBX 422 ($5.69). The business has a fifty day moving average price of GBX 181.22 and a 200 day moving average price of GBX 186.27.

Impax Asset Management Group (LON:IPX - Get Free Report) last issued its earnings results 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%.

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.