Berenberg Bank Trims Impax Asset Management Group (LON:IPX) Target Price to GBX 1,250

Impax Asset Management Group (LON:IPXGet Rating) had its price target decreased by Berenberg Bank from GBX 1,350 ($17.08) to GBX 1,250 ($15.81) in a research report issued on Wednesday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 73.61% from the company’s previous close.

Shares of IPX opened at GBX 720 ($9.11) on Wednesday. The firm has a market cap of £954.70 million and a P/E ratio of 23.92. Impax Asset Management Group has a twelve month low of GBX 649.58 ($8.22) and a twelve month high of GBX 1,508 ($19.08). The company has a debt-to-equity ratio of 8.53, a quick ratio of 1.73 and a current ratio of 2.28. The firm’s 50 day moving average price is GBX 845.76 and its two-hundred day moving average price is GBX 1,063.54.

In other news, insider Sally Bridgeland bought 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The shares were acquired at an average price of GBX 848 ($10.73) per share, with a total value of £50,880 ($64,372.47). Also, insider Ian Simm sold 1,300 shares of Impax Asset Management Group stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of GBX 967 ($12.23), for a total value of £12,571 ($15,904.61).

Impax Asset Management Group Company Profile (Get Rating)

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.

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