Impax Asset Management Group (LON:IPX) Reaches New 12-Month Low – What’s Next?

Impax Asset Management Group Plc (LON:IPX) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 169 ($2.14) and last traded at GBX 173 ($2.19), with a volume of 2223246 shares. The stock had previously closed at GBX 173.80 ($2.20).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their target price on Impax Asset Management Group from GBX 560 ($7.10) to GBX 510 ($6.47) and set a “buy” rating on the stock in a research report on Friday, December 13th.

Impax Asset Management Group Price Performance

The firm has a market cap of £219.17 million, a P/E ratio of 5.51, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The business has a 50-day moving average of GBX 219.56 and a two-hundred day moving average of GBX 310.03. The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94.

Impax Asset Management Group (LON:IPX) last announced its quarterly earnings data on Thursday, November 28th. The company reported GBX 28.50 ($0.36) EPS for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

Impax Asset Management Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be issued a dividend of GBX 22.90 ($0.29) per share. This is a positive change from Impax Asset Management Group’s previous dividend of $4.70. This represents a yield of 7.12%. The ex-dividend date is Thursday, February 20th. Impax Asset Management Group’s payout ratio is currently 89.19%.

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.