Berenberg Bank Cuts Impax Asset Management Group (LON:IPX) Price Target to GBX 560

Impax Asset Management Group (LON:IPX) had its price target decreased by Berenberg Bank from GBX 620 ($8.11) to GBX 560 ($7.33) in a report published on Tuesday, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Impax Asset Management Group Stock Down 2.1 %

Shares of LON IPX opened at GBX 387.50 ($5.07) on Tuesday. The firm has a fifty day simple moving average of GBX 376.83 and a two-hundred day simple moving average of GBX 416.45. Impax Asset Management Group has a 12 month low of GBX 347 ($4.54) and a 12 month high of GBX 575 ($7.53). The company has a current ratio of 3.59, a quick ratio of 2.26 and a debt-to-equity ratio of 6.93. The firm has a market capitalization of £495.85 million, a PE ratio of 1,250.00, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64.

Insiders Place Their Bets

In other Impax Asset Management Group news, insider Ian Simm sold 2,600 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of GBX 365 ($4.78), for a total transaction of £9,490 ($12,419.84). In other news, insider Ian Simm sold 2,600 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of GBX 365 ($4.78), for a total transaction of £9,490 ($12,419.84). Also, insider Lyle Logan purchased 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was acquired at an average price of GBX 407 ($5.33) per share, with a total value of £48,840 ($63,918.34). 19.34% of the stock is currently owned by company insiders.

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.