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

Impax Asset Management Group (LON:IPX - Free Report) had its price target decreased by Berenberg Bank from GBX 440 ($5.76) to GBX 330 ($4.32) in a report published on Tuesday, Marketbeat reports. Berenberg Bank currently has a buy rating on the stock.

Impax Asset Management Group Stock Up 1.4 %

IPX traded up GBX 1.80 ($0.02) during trading on Tuesday, hitting GBX 126.20 ($1.65). 391,333 shares of the company's stock traded hands, compared to its average volume of 1,448,810. The stock has a market capitalization of £159.88 million, a price-to-earnings ratio of 4.02, a PEG ratio of 5.05 and a beta of 1.64. The company's 50 day simple moving average is GBX 181.95 and its two-hundred day simple moving average is GBX 262.49. Impax Asset Management Group has a 12-month low of GBX 112.60 ($1.47) and a 12-month high of GBX 532 ($6.96). The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94.

Impax Asset Management Group Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, February 20th were given a GBX 22.90 ($0.30) dividend. This is a positive change from Impax Asset Management Group's previous dividend of $4.70. The ex-dividend date of this dividend was Thursday, February 20th. This represents a yield of 7.12%. Impax Asset Management Group's payout ratio is 89.19%.

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.