Impax Asset Management Group (LON:IPX) Stock Price Down 0.1% – Should You Sell?

Impax Asset Management Group Plc (LON:IPX) was down 0.1% during mid-day trading on Tuesday. The company traded as low as GBX 88.80 and last traded at GBX 89.10. Approximately 244,382 shares changed hands during trading, a decline of 68% from the average daily volume of 760,048 shares. The stock had previously closed at GBX 89.20.

Wall Street Analyst Weigh In

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

Impax Asset Management Group Stock Down 0.1%

The company has a market cap of £108.25 million, a P/E ratio of 8.49, a P/E/G ratio of 5.05 and a beta of 1.32. The stock has a 50-day moving average of GBX 99.75 and a two-hundred day moving average of GBX 113.25. The company has a debt-to-equity ratio of 4.53, a quick ratio of 2.26 and a current ratio of 46.93.

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