Impax Asset Management Group (LON:IPX) Given Buy Rating at Berenberg Bank

Impax Asset Management Group (LON:IPX - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Berenberg Bank in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a GBX 700 ($8.86) price objective on the stock. Berenberg Bank's target price would suggest a potential upside of 55.56% from the stock's previous close.

Impax Asset Management Group Stock Up 1.8 %

LON:IPX traded up GBX 8 ($0.10) on Tuesday, reaching GBX 450 ($5.70). 1,590,730 shares of the stock traded hands, compared to its average volume of 195,561. The company has a market capitalization of £577.44 million, a price-to-earnings ratio of 1,500.00, a PEG ratio of 5.05 and a beta of 1.51. The company has a current ratio of 3.15, a quick ratio of 2.26 and a debt-to-equity ratio of 6.53. Impax Asset Management Group has a 12 month low of GBX 350 ($4.43) and a 12 month high of GBX 871 ($11.02). The company's fifty day simple moving average is GBX 474.03 and its 200 day simple moving average is GBX 471.28.

Insider Activity

In other news, insider Ian Simm sold 16,667 shares of the firm's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of GBX 522 ($6.61), for a total transaction of £87,001.74 ($110,114.85). In related news, insider Ian Simm sold 16,667 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of GBX 522 ($6.61), for a total value of £87,001.74 ($110,114.85). Also, insider William Simon O'Regan acquired 13,000 shares of the company's stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average cost of GBX 451 ($5.71) per share, for a total transaction of £58,630 ($74,205.80). Insiders have purchased a total of 25,000 shares of company stock valued at $11,506,500 in the last 90 days. 19.47% of the stock is currently owned by insiders.

About Impax Asset Management Group

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.