Berenberg Bank Cuts Impax Asset Management Group (LON:IPX) Price Target to GBX 510

Impax Asset Management Group (LON:IPX) had its price target decreased by Berenberg Bank from GBX 560 ($7.07) to GBX 510 ($6.44) in a research report report published on Friday, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Impax Asset Management Group Trading Down 23.1 %

IPX opened at GBX 252 ($3.18) on Friday. The firm has a market capitalization of £322.46 million, a price-to-earnings ratio of 812.90, a PEG ratio of 5.05 and a beta of 1.64. Impax Asset Management Group has a one year low of GBX 238.50 ($3.01) and a one year high of GBX 575 ($7.26). The business has a 50 day simple moving average of GBX 352.46 and a two-hundred day simple moving average of GBX 377.09. The company has a debt-to-equity ratio of 6.93, a current ratio of 3.59 and a quick ratio of 2.26.

Impax Asset Management Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, February 20th will be issued a GBX 22.90 ($0.29) dividend. The ex-dividend date is Thursday, February 20th. This represents a yield of 7.12%. This is a boost from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s payout ratio is 9,032.26%.

Impax Asset Management Group Company Profile

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.