Impax Asset Management Group (LON:IPX) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Impax Asset Management Group (LON:IPX) in a research note published on Monday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 300 price objective on the stock.

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 225 target price on shares of Impax Asset Management Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 262.50.

Impax Asset Management Group Stock Down 1.4%

LON:IPX opened at GBX 146.97 on Monday. The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26. The firm’s 50-day moving average price is GBX 161.85 and its 200-day moving average price is GBX 179.89. The company has a market capitalization of £177.99 million, a PE ratio of 9.30, a P/E/G ratio of 5.05 and a beta of 1.64. Impax Asset Management Group has a 1-year low of GBX 112.60 and a 1-year high of GBX 227.50.

Impax Asset Management Group (LON:IPX) last issued its quarterly earnings results on Monday, December 1st. The company reported GBX 15.90 earnings per share (EPS) for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

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