Impax Asset Management Group (LON:IPX) Stock Price Down 25.6% – Should You Sell?

Shares of Impax Asset Management Group Plc (LON:IPX) were down 25.6% on Friday . The company traded as low as GBX 90.90 and last traded at GBX 93.50. Approximately 2,623,688 shares changed hands during mid-day trading, an increase of 249% from the average daily volume of 752,502 shares. The stock had previously closed at GBX 125.60.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 300 price target on shares of Impax Asset Management Group in a research note on Monday, January 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 262.50.

Impax Asset Management Group Price Performance

The company has a current ratio of 3.30, a quick ratio of 2.26 and a debt-to-equity ratio of 4.99. The company has a 50 day moving average price of GBX 136.82 and a 200 day moving average price of GBX 158.27. The company has a market capitalization of £113.97 million, a P/E ratio of 5.96, a P/E/G ratio of 5.05 and a beta of 1.54.

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.