Impax Asset Management Group (LON:IPX) Price Target Cut to GBX 560

Posted by Teresa Graham on Oct 11th, 2024

Impax Asset Management Group (LON:IPX – Free Report) had its price objective reduced by Berenberg Bank from GBX 620 ($8.11) to GBX 560 ($7.33) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Impax Asset Management Group Price Performance

Shares of IPX opened at GBX 387.50 ($5.07) on Tuesday. Impax Asset Management Group has a twelve month low of GBX 347 ($4.54) and a twelve month high of GBX 575 ($7.53). The company has a market capitalization of £495.85 million, a P/E ratio of 1,250.00, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The firm has a 50 day moving average of GBX 376.83 and a 200 day moving average of GBX 416.45. The company has a quick ratio of 2.26, a current ratio of 3.59 and a debt-to-equity ratio of 6.93.

Insider Transactions at Impax Asset Management Group

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

Impax Asset Management Group Company Profile

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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.