Impax Asset Management Group (LON:IPX) Trading Down 7.3% – Time to Sell?

Impax Asset Management Group Plc (LON:IPX)’s share price was down 7.3% on Thursday . The stock traded as low as GBX 142.20 and last traded at GBX 145.80. Approximately 475,268 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 856,102 shares. The stock had previously closed at GBX 157.20.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price objective on shares of Impax Asset Management Group in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Impax Asset Management Group currently has a consensus rating of “Buy” and an average target price of GBX 262.50.

Impax Asset Management Group Stock Performance

The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94. The stock has a market capitalization of £175.18 million, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The firm’s fifty day moving average price is GBX 153.50 and its 200 day moving average price is GBX 171.63.

Impax Asset Management Group (LON:IPX) last posted its earnings results on Monday, December 1st. The company reported GBX 15.90 earnings per share for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

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.