Impax Asset Management Group (LON:IPX) Hits New 1-Year Low – Here’s Why

Impax Asset Management Group Plc (LON:IPX)’s stock price reached a new 52-week low on Friday. The company traded as low as GBX 86.50 and last traded at GBX 87.30, with a volume of 846,899 shares trading hands. The stock had previously closed at GBX 88.20.

Analyst Ratings Changes

Separately, Berenberg Bank dropped their price target on Impax Asset Management Group from GBX 170 to GBX 135 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 135.

Impax Asset Management Group Trading Down 1.0%

The company has a current ratio of 46.93, a quick ratio of 2.26 and a debt-to-equity ratio of 4.53. The firm has a market cap of £106.07 million, a PE ratio of 8.31, a P/E/G ratio of 5.05 and a beta of 1.32. The company’s 50-day moving average is GBX 99 and its 200 day moving average is GBX 112.50.

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. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.