Impax Asset Management Group's (IPX) "Buy" Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank has reiterated its "buy" rating for Impax Asset Management Group (LON:IPX), setting a price target of GBX 300, which suggests a potential upside of 62.87% from the current stock price.
• During trading, shares of Impax Asset Management Group declined to GBX 184.20, with a total volume of 378,610 shares exchanged, significantly below its average volume of 804,876.
• The company specializes in investing in sustainable markets, highlighting its commitment to addressing global challenges such as climate change and pollution.

Impax Asset Management Group (LON:IPX - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Berenberg Bank in a report released on Wednesday, MarketBeat reports. They currently have a GBX 300 price objective on the stock. Berenberg Bank's price target would indicate a potential upside of 62.87% from the stock's previous close.

Impax Asset Management Group Price Performance

Shares of LON IPX traded down GBX 7.80 during mid-day trading on Wednesday, hitting GBX 184.20. 378,610 shares of the company's stock traded hands, compared to its average volume of 804,876. The company's 50-day moving average is GBX 185.94 and its two-hundred day moving average is GBX 178.26. The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26. The company has a market capitalization of £232.08 million, a P/E ratio of 770.71, a PEG ratio of 5.05 and a beta of 1.64. Impax Asset Management Group has a 1 year low of GBX 112.60 and a 1 year high of GBX 414.

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.

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