Impax Asset Management Group Plc (LON:IPX - Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 158.65 ($2.15) and traded as high as GBX 171.20 ($2.32). Impax Asset Management Group shares last traded at GBX 165.40 ($2.24), with a volume of 402,706 shares traded.
Analysts Set New Price Targets
Separately, Berenberg Bank reduced their target price on Impax Asset Management Group from GBX 440 ($5.97) to GBX 330 ($4.48) and set a "buy" rating for the company in a report on Tuesday, April 8th.
Get Our Latest Analysis on IPX
Impax Asset Management Group Trading Up 6.6%
The company has a market capitalization of £236.40 million, a price-to-earnings ratio of 5.94, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The business has a fifty day moving average price of GBX 157.83 and a 200 day moving average price of GBX 213.24. 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 - Get Free Report) last issued its quarterly 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%.
Impax Asset Management Group Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, February 20th were given a dividend of GBX 22.90 ($0.31) per share. The ex-dividend date of this dividend was Thursday, February 20th. This is a boost from Impax Asset Management Group's previous dividend of $4.70. This represents a dividend yield of 7.12%. Impax Asset Management Group's payout ratio is currently 89.19%.
Impax Asset Management Group Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Impax Asset Management Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Impax Asset Management Group wasn't on the list.
While Impax Asset Management Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
