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

Posted by Trevor Kearing on Nov 12th, 2024

Impax Asset Management Group Plc (LON:IPX – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 328.50 ($4.23) and last traded at GBX 328.50 ($4.23), with a volume of 201273 shares changing hands. The stock had previously closed at GBX 347 ($4.47).

Analyst Ratings Changes

Separately, Berenberg Bank reduced their target price on shares of Impax Asset Management Group from GBX 620 ($7.98) to GBX 560 ($7.21) and set a “buy” rating for the company in a research report on Tuesday, October 8th.

Get Our Latest Stock Analysis on Impax Asset Management Group

Impax Asset Management Group Trading Down 5.3 %

The business’s 50-day moving average is GBX 374.27 and its two-hundred day moving average is GBX 402.79. The company has a debt-to-equity ratio of 6.93, a current ratio of 3.59 and a quick ratio of 2.26. The firm has a market cap of £420.35 million, a P/E ratio of 1,059.68, a P/E/G ratio of 5.05 and a beta of 1.64.

Insider Activity at Impax Asset Management Group

In related 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 ($4.70), for a total value of £9,490 ($12,212.07). 19.34% of the stock is owned by corporate insiders.

About Impax Asset Management Group

(Get Free Report)

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.