Impax Asset Management Group (LON:IPX) Price Target Lowered to GBX 510 at Berenberg Bank

Impax Asset Management Group (LON:IPX - Get Free Report) had its target price decreased by analysts at Berenberg Bank from GBX 560 ($7.07) to GBX 510 ($6.44) in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price objective would suggest a potential upside of 102.38% from the stock's current price.

Impax Asset Management Group Stock Down 23.1 %

IPX stock traded down GBX 75.50 ($0.95) during trading hours on Friday, hitting GBX 252 ($3.18). The company's stock had a trading volume of 2,269,636 shares, compared to its average volume of 313,655. Impax Asset Management Group has a 12 month low of GBX 238.50 ($3.01) and a 12 month high of GBX 575 ($7.26). The stock has a 50 day moving average price of GBX 352.46 and a two-hundred day moving average price of GBX 378.91. The company has a quick ratio of 2.26, a current ratio of 3.59 and a debt-to-equity ratio of 6.93. The company has a market capitalization of £322.46 million, a PE ratio of 812.90, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Company Profile

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.