Impax Asset Management Group (LON:IPX) Shares Down 9.4% After Analyst Downgrade

Impax Asset Management Group Plc (LON:IPX) shares dropped 9.4% during trading on Tuesday after Berenberg Bank lowered their price target on the stock from GBX 170 to GBX 135. Berenberg Bank currently has a buy rating on the stock. Impax Asset Management Group traded as low as GBX 88.30 and last traded at GBX 91.90. 4,322,265 shares traded hands during trading, an increase of 439% from the average session volume of 801,289 shares. The stock had previously closed at GBX 101.40.

Impax Asset Management Group Stock Down 9.4%

The business has a fifty day moving average of GBX 109.05 and a 200 day moving average of GBX 106.73. The company has a market capitalization of £111.66 million, a PE ratio of 8.75, a PEG ratio of 5.05 and a beta of 1.32. The company has a current ratio of 46.93, a quick ratio of 2.26 and a debt-to-equity ratio of 4.53.

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.