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

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

Analysts Set New Price Targets

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

Impax Asset Management Group Price Performance

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

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.