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

Impax Asset Management Group (LON:IPX) had its price objective dropped by equities research analysts at Berenberg Bank from GBX 560 ($7.10) to GBX 510 ($6.46) in a report released on Friday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 105.69% from the company’s previous close.

Impax Asset Management Group Price Performance

IPX stock traded down GBX 79.56 ($1.01) during mid-day trading on Friday, hitting GBX 247.94 ($3.14). The company had a trading volume of 2,508,138 shares, compared to its average volume of 312,632. The company has a market capitalization of £317.27 million, a price-to-earnings ratio of 799.82, a P/E/G ratio of 5.05 and a beta of 1.64. The company has a 50-day moving average price of GBX 354.85 and a 200 day moving average price of GBX 379.80. The company has a quick ratio of 2.26, a current ratio of 3.59 and a debt-to-equity ratio of 6.93. Impax Asset Management Group has a 12-month low of GBX 238.50 ($3.02) and a 12-month high of GBX 575 ($7.29).

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.