Impax Asset Management Group (LON:IPX) Shares Down 0.1% – Here’s Why

Impax Asset Management Group Plc (LON:IPX) shares dropped 0.1% on Tuesday. The stock traded as low as GBX 88.80 and last traded at GBX 89.10. 244,382 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 760,048 shares. The stock had previously closed at GBX 89.20.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price objective on Impax Asset Management Group from GBX 170 to GBX 135 and set a “buy” rating for the company in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, Impax Asset Management Group presently has an average rating of “Buy” and a consensus price target of GBX 135.

Impax Asset Management Group Price Performance

The stock has a 50-day simple moving average of GBX 99.37 and a 200 day simple moving average of GBX 112.88. 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 company has a market cap of £107.16 million, a P/E ratio of 8.40, a P/E/G ratio of 5.05 and a beta of 1.32.

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.