Impax Asset Management Group (LON:IPX) Reaches New 12-Month Low – What’s Next?

Impax Asset Management Group Plc (LON:IPX) reached a new 52-week low on Tuesday . The stock traded as low as GBX 328.50 ($4.23) and last traded at GBX 328.50 ($4.23), with a volume of 201273 shares trading hands. The stock had previously closed at GBX 347 ($4.47).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price target on Impax Asset Management Group from GBX 620 ($7.98) to GBX 560 ($7.21) and set a “buy” rating on the stock in a research note on Tuesday, October 8th.

Impax Asset Management Group Stock Performance

The company has a debt-to-equity ratio of 6.93, a quick ratio of 2.26 and a current ratio of 3.59. The business’s 50-day moving average is GBX 372.86 and its 200-day moving average is GBX 401.47. The company has a market capitalization of £426.75 million, a PE ratio of 1,075.81, a PEG ratio of 5.05 and a beta of 1.64.

Insider Activity

In related news, insider Ian Simm sold 2,600 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of GBX 365 ($4.70), for a total value of £9,490 ($12,212.07). Company insiders own 19.34% of the company’s stock.

About Impax Asset Management Group

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.