Berenberg Bank Lowers Impax Asset Management Group (LON:IPX) Price Target to GBX 510

Impax Asset Management Group (LON:IPX) had its target price lowered by stock analysts at Berenberg Bank from GBX 560 ($7.07) to GBX 510 ($6.44) in a report released on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 102.38% from the stock’s current price.

Impax Asset Management Group Stock Down 23.1 %

Shares of LON:IPX opened at GBX 252 ($3.18) on Friday. Impax Asset Management Group has a 12-month low of GBX 238.50 ($3.01) and a 12-month high of GBX 575 ($7.26). The stock has a market capitalization of £322.46 million, a price-to-earnings ratio of 812.90, a PEG ratio of 5.05 and a beta of 1.64. The stock has a fifty day simple moving average of GBX 352.46 and a two-hundred day simple moving average of GBX 377.96. The company has a current ratio of 3.59, a quick ratio of 2.26 and a debt-to-equity ratio of 6.93.

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.