Berenberg Bank Has Lowered Expectations for Impax Asset Management Group (LON:IPX) Stock Price

Impax Asset Management Group (LON:IPX) had its target price reduced by investment analysts at Berenberg Bank from GBX 170 to GBX 135 in a report issued on Tuesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 47.86% from the stock’s previous close.

Impax Asset Management Group Stock Performance

Shares of IPX stock opened at GBX 91.30 on Tuesday. The company has a market capitalization of £110.93 million, a P/E ratio of 8.70, a PEG ratio of 5.05 and a beta of 1.32. Impax Asset Management Group has a fifty-two week low of GBX 88.30 and a fifty-two week high of GBX 202.06. The company has a debt-to-equity ratio of 4.53, a quick ratio of 2.26 and a current ratio of 46.93. The stock has a 50 day moving average price of GBX 108.15 and a two-hundred day moving average price of GBX 106.28.

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.