Impax Asset Management Group (LON:IPX) Earns Buy Rating from Berenberg Bank

Impax Asset Management Group (LON:IPX)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a report released on Monday, MarketBeat reports. They currently have a GBX 300 price target on the stock. Berenberg Bank’s price target points to a potential upside of 104.13% from the stock’s previous close.

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 225 price target on shares of Impax Asset Management Group in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 262.50.

Impax Asset Management Group Price Performance

Shares of LON IPX traded down GBX 2.03 during trading on Monday, reaching GBX 146.97. The company had a trading volume of 1,631,044 shares, compared to its average volume of 920,408. The stock has a market capitalization of £177.99 million, a PE ratio of 9.30, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. 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 50-day moving average price of GBX 162.66 and a two-hundred day moving average price of GBX 180.16. Impax Asset Management Group has a twelve month low of GBX 112.60 and a twelve month high of GBX 227.50.

Impax Asset Management Group (LON:IPX) last released its quarterly earnings results on Monday, December 1st. The company reported GBX 15.90 earnings per share (EPS) 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.