Impax Asset Management Group plc (LON:IPX)’s share price rose 0.3% during trading on Tuesday . The company traded as high as GBX 1,220 ($15.94) and last traded at GBX 1,200 ($15.68). Approximately 31,366 shares were traded during trading, a decline of 79% from the average daily volume of 149,648 shares. The stock had previously closed at GBX 1,196 ($15.63).
IPX has been the subject of a number of research reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,180 ($15.42) target price on shares of Impax Asset Management Group in a report on Thursday, May 27th. Peel Hunt reiterated a “buy” rating and set a GBX 1,180 ($15.42) price target on shares of Impax Asset Management Group in a research report on Thursday, May 27th. Finally, Berenberg Bank lifted their price target on Impax Asset Management Group from GBX 1,310 ($17.12) to GBX 1,360 ($17.77) and gave the company a “buy” rating in a research report on Wednesday, July 7th.
The firm has a 50-day moving average of GBX 1,212.44 and a two-hundred day moving average of GBX 1,061.63. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 12.06. The company has a market capitalization of £1.59 billion and a PE ratio of 71.86.
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.
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