Berenberg Bank Cuts Impax Asset Management Group (LON:IPX) Price Target to GBX 620

Impax Asset Management Group (LON:IPX) had its target price lowered by Berenberg Bank from GBX 700 ($8.97) to GBX 620 ($7.94) in a report issued on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 66.67% from the stock’s previous close.

Impax Asset Management Group Stock Down 10.8 %

Shares of LON:IPX traded down GBX 45 ($0.58) during trading on Wednesday, hitting GBX 372 ($4.76). The company’s stock had a trading volume of 770,197 shares, compared to its average volume of 247,595. Impax Asset Management Group has a fifty-two week low of GBX 350 ($4.48) and a fifty-two week high of GBX 610.09 ($7.81). The business has a 50 day moving average price of GBX 440.71 and a two-hundred day moving average price of GBX 470.91. The company has a debt-to-equity ratio of 6.53, a quick ratio of 2.26 and a current ratio of 3.15. The company has a market capitalization of £477.35 million, a PE ratio of 1,240.00, a P/E/G ratio of 5.05 and a beta of 1.51.

Impax Asset Management Group Company Profile

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.