Impax Asset Management Group (LON:IPX) Given New GBX 135 Price Target at Berenberg Bank

Impax Asset Management Group (LON:IPX) had its target price lowered by Berenberg Bank from GBX 170 to GBX 135 in a research note published on Tuesday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

Impax Asset Management Group Stock Down 9.4%

IPX stock opened at GBX 91.90 on Tuesday. Impax Asset Management Group has a twelve month low of GBX 88.30 and a twelve month high of GBX 202.06. The company has a quick ratio of 2.26, a current ratio of 46.93 and a debt-to-equity ratio of 4.53. The stock’s 50 day moving average is GBX 108.62 and its 200-day moving average is GBX 106.51. The firm has a market capitalization of £111.66 million, a PE ratio of 8.75, a P/E/G ratio of 5.05 and a beta of 1.32.

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.