Impax Asset Management Group (LON:IPX) Issues Quarterly Earnings Results

Impax Asset Management Group (LON:IPX) issued its earnings results on Wednesday. The company reported GBX 4.40 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Impax Asset Management Group had a net margin of 14.30% and a return on equity of 17.51%. The company had revenue of GBX 5,881 million for the quarter.

Impax Asset Management Group Stock Down 3.3%

Shares of IPX stock opened at GBX 100 on Wednesday. The company has a market capitalization of £121.11 million, a price-to-earnings ratio of 6.33, a PEG ratio of 5.05 and a beta of 1.32. Impax Asset Management Group has a one year low of GBX 90.90 and a one year high of GBX 214. The company’s fifty day moving average price is GBX 113.54 and its 200-day moving average price is GBX 143.06. The company has a debt-to-equity ratio of 4.99, a current ratio of 3.30 and a quick ratio of 2.26.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 170 target price on shares of Impax Asset Management Group in a report on Wednesday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 197.50.

Impax Asset Management Group Company Profile

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. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.