Impax Asset Management Group Plc (LON:IPX) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 186 ($2.52) and last traded at GBX 185.40 ($2.51), with a volume of 104688 shares trading hands. The stock had previously closed at GBX 171.75 ($2.33).
Separately, Peel Hunt boosted their target price on shares of Impax Asset Management Group from GBX 140 ($1.90) to GBX 150 ($2.03) and gave the stock a “buy” rating in a research note on Monday, October 9th.
The company has a market capitalization of $483.84 and a P/E ratio of 2,835.00.
In related news, insider Ian Simm sold 450,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of GBX 142 ($1.93), for a total value of £639,000 ($866,558.18).
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About Impax Asset Management Group
Impax Asset Management Group plc is an investment company offering listed and private equity strategies primarily to institutional clients. The Company has six listed equity strategies: Specialists, Leaders, Water, Asia-Pacific, Global Opportunities, and Food and Agriculture. Its real assets business comprises renewable power generation and sustainable property private equity funds.
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