Shares of Impax Asset Management Group Plc (LON:IPX - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 277.47 ($3.58) and traded as low as GBX 180 ($2.32). Impax Asset Management Group shares last traded at GBX 183.20 ($2.36), with a volume of 325,461 shares changing hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank lowered their price target on shares of Impax Asset Management Group from GBX 560 ($7.22) to GBX 510 ($6.57) and set a "buy" rating for the company in a report on Friday, December 13th.
Read Our Latest Stock Report on Impax Asset Management Group
Impax Asset Management Group Stock Down 8.1 %
The company has a quick ratio of 2.26, a current ratio of 3.23 and a debt-to-equity ratio of 5.94. The stock's 50-day simple moving average is GBX 194.48 and its 200 day simple moving average is GBX 273.07. The firm has a market cap of £200.17 million, a P/E ratio of 5.03, a PEG ratio of 5.05 and a beta of 1.64.
Impax Asset Management Group Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, March 21st. Investors of record on Thursday, February 20th were given a dividend of GBX 22.90 ($0.30) per share. This is a positive change from Impax Asset Management Group's previous dividend of $4.70. The ex-dividend date was Thursday, February 20th. This represents a dividend yield of 7.12%. Impax Asset Management Group's dividend payout ratio is presently 89.19%.
Impax Asset Management Group Company Profile
(
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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.
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