Impax Asset Management Group (LON:IPX) Stock Price Up 21.1% – What’s Next?

Impax Asset Management Group Plc (LON:IPX)’s share price traded up 21.1% during mid-day trading on Friday . The stock traded as high as GBX 116.20 and last traded at GBX 115. 2,624,132 shares changed hands during trading, an increase of 162% from the average daily volume of 1,002,957 shares. The stock had previously closed at GBX 95.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 170 price target on shares of Impax Asset Management Group in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 197.50.

Impax Asset Management Group Price Performance

The company has a 50 day moving average of GBX 100.50 and a 200 day moving average of GBX 124.79. The stock has a market capitalization of £139.72 million, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 5.05 and a beta of 1.31. The company has a quick ratio of 2.26, a current ratio of 46.93 and a debt-to-equity ratio of 4.53.

Impax Asset Management Group (LON:IPX) last issued its quarterly earnings results on Wednesday, May 20th. The company reported GBX 4.40 earnings per share (EPS) for the quarter. The firm had revenue of GBX 5,881 million for the quarter. Impax Asset Management Group had a return on equity of 11.90% and a net margin of 10.53%.

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.