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

Impax Asset Management Group (LON:IPX) released its quarterly earnings data on Monday. The company reported GBX 15.90 EPS for the quarter, Digital Look Earnings reports. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

Impax Asset Management Group Stock Performance

LON IPX opened at GBX 161.85 on Monday. The business’s 50-day simple moving average is GBX 186.48 and its 200-day simple moving average is GBX 187.26. The firm has a market capitalization of £200.40 million, a P/E ratio of 6.77, a P/E/G ratio of 5.05 and a beta of 1.64. Impax Asset Management Group has a 1-year low of GBX 112.60 and a 1-year high of GBX 343. The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IPX. Peel Hunt reaffirmed a “buy” rating and set a GBX 225 price target on shares of Impax Asset Management Group in a research report on Wednesday, October 8th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 price target on shares of Impax Asset Management Group in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Impax Asset Management Group has a consensus rating of “Buy” and a consensus target price of GBX 262.50.

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.