Berenberg Bank Trims Impax Asset Management Group (LON:IPX) Target Price to GBX 560

Impax Asset Management Group (LON:IPX - Get Free Report) had its price objective decreased by analysts at Berenberg Bank from GBX 620 ($8.11) to GBX 560 ($7.33) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price would indicate a potential upside of 42.49% from the stock's previous close.

Impax Asset Management Group Stock Up 5.1 %

Shares of IPX stock traded up GBX 19 ($0.25) on Tuesday, hitting GBX 393 ($5.14). 414,554 shares of the stock were exchanged, compared to its average volume of 286,634. The company has a current ratio of 3.59, a quick ratio of 2.26 and a debt-to-equity ratio of 6.93. The firm has a market capitalization of £502.88 million, a P/E ratio of 1,246.77, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. Impax Asset Management Group has a fifty-two week low of GBX 347 ($4.54) and a fifty-two week high of GBX 575 ($7.53). The business has a 50-day moving average of GBX 377.67 and a 200 day moving average of GBX 417.19.

Insider Transactions at Impax Asset Management Group

In other news, insider Ian Simm sold 2,600 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of GBX 365 ($4.78), for a total value of £9,490 ($12,419.84). In other news, insider Lyle Logan acquired 12,000 shares of the firm's stock in a transaction dated Wednesday, July 24th. The stock was bought at an average price of GBX 407 ($5.33) per share, with a total value of £48,840 ($63,918.34). Also, insider Ian Simm sold 2,600 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of GBX 365 ($4.78), for a total transaction of £9,490 ($12,419.84). 19.34% of the stock is currently owned by insiders.

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.