Berenberg Bank Lowers Impax Asset Management Group (LON:IPX) Price Target to GBX 330

Impax Asset Management Group (LON:IPX) had its target price reduced by analysts at Berenberg Bank from GBX 440 ($5.60) to GBX 330 ($4.20) in a research report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 172.73% from the stock’s current price.

Impax Asset Management Group Stock Performance

IPX stock traded down GBX 29.80 ($0.38) during mid-day trading on Tuesday, reaching GBX 121 ($1.54). 2,580,013 shares of the stock traded hands, compared to its average volume of 1,470,131. The firm has a market capitalization of £153.29 million, a PE ratio of 3.85, a P/E/G ratio of 5.05 and a beta of 1.64. The business has a 50-day moving average of GBX 193.20 and a two-hundred day moving average of GBX 271.51. Impax Asset Management Group has a 52 week low of GBX 119 ($1.51) and a 52 week high of GBX 532 ($6.77). The company has a quick ratio of 2.26, a current ratio of 3.23 and a debt-to-equity ratio of 5.94.

About Impax Asset Management Group

Impax Asset Management was founded in 1998 and has been a pioneer in the development of investing in the transition to a more sustainable global economy. We are one of the largest investment managers dedicated to investing in sustainable markets globally.

We believe that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency.