Impax Asset Management Group (LON:IPX) Price Target Cut to GBX 560 by Analysts at Berenberg Bank

Impax Asset Management Group (LON:IPX) had its price target cut by Berenberg Bank from GBX 620 ($8.11) to GBX 560 ($7.33) in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Impax Asset Management Group Trading Up 0.6 %

Shares of Impax Asset Management Group stock opened at GBX 390 ($5.10) on Tuesday. 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 firm has a market cap of £499.04 million, a price-to-earnings ratio of 1,258.06, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The business has a fifty day simple moving average of GBX 376.83 and a 200-day simple moving average of GBX 416.45. 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).

Insider Activity

In other news, insider Ian Simm sold 2,600 shares of the company’s stock in a transaction on 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 related news, insider Lyle Logan bought 12,000 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were bought at an average cost 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 on 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). Insiders own 19.34% of the company’s stock.

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.