Impax Asset Management Group’s (IPX) Buy Rating Reiterated at Berenberg Bank

Impax Asset Management Group (LON:IPX)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report issued on Wednesday,Digital Look reports. They presently have a GBX 170 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 70.51% from the stock’s current price.

Impax Asset Management Group Stock Down 3.6%

Shares of Impax Asset Management Group stock opened at GBX 99.70 on Wednesday. The company has a market cap of £120.75 million, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 5.05 and a beta of 1.32. The company’s 50 day moving average is GBX 113.54 and its 200 day moving average is GBX 143.06. Impax Asset Management Group has a twelve month low of GBX 90.90 and a twelve month high of GBX 214. The company has a quick ratio of 2.26, a current ratio of 3.30 and a debt-to-equity ratio of 4.99.

Impax Asset Management Group (LON:IPX) last issued its quarterly earnings data on Wednesday, May 20th. The company reported GBX 4.40 earnings per share for the quarter. The company had revenue of GBX 5,881 million for the quarter. Impax Asset Management Group had a net margin of 14.30% and a return on equity of 17.51%.

Impax Asset Management Group Company Profile

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. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.