Impax Asset Management Group (LON:IPX) Announces Earnings Results

Impax Asset Management Group (LON:IPX) posted its quarterly earnings data on Wednesday. The company reported GBX 4.40 EPS for the quarter, Digital Look Earnings reports. Impax Asset Management Group had a net margin of 10.53% and a return on equity of 11.90%. The company had revenue of GBX 5,881 million during the quarter.

Impax Asset Management Group Price Performance

LON IPX opened at GBX 99.70 on Friday. The company has a 50 day simple moving average of GBX 112.31 and a 200-day simple moving average of GBX 141.78. The company has a debt-to-equity ratio of 4.53, a current ratio of 46.93 and a quick ratio of 2.26. The firm has a market capitalization of £120.75 million, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 5.05 and a beta of 1.32. Impax Asset Management Group has a 52-week low of GBX 90.90 and a 52-week high of GBX 214.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 170 price objective on shares of Impax Asset Management Group in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Impax Asset Management Group currently has an average rating of “Buy” and a consensus price target of GBX 197.50.

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.