Impax Asset Management Group (LON:IPX) Sets New 12-Month Low – Should You Sell?

Impax Asset Management Group Plc (LON:IPX)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 152.58 ($1.97) and last traded at GBX 158 ($2.04), with a volume of 6417631 shares traded. The stock had previously closed at GBX 172 ($2.22).

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price target on Impax Asset Management Group from GBX 560 ($7.22) to GBX 510 ($6.58) and set a “buy” rating for the company in a research note on Friday, December 13th.

Impax Asset Management Group Trading Down 8.1 %

The stock has a market cap of £200.17 million, a P/E ratio of 5.03, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The company has a debt-to-equity ratio of 5.94, a quick ratio of 2.26 and a current ratio of 3.23. The firm’s fifty day simple moving average is GBX 194.48 and its 200-day simple moving average is GBX 273.81.

Impax Asset Management Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 21st. Investors of record on Thursday, February 20th were paid a dividend of GBX 22.90 ($0.30) per share. This represents a yield of 7.12%. The ex-dividend date was Thursday, February 20th. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s dividend payout ratio (DPR) is currently 89.19%.

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.