Impax Asset Management Group (LON:IPX) Sets New 12-Month Low – Time to Sell?

by · The Cerbat Gem

Impax Asset Management Group Plc (LON:IPX – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 152.58 ($2.00) and last traded at GBX 158 ($2.07), with a volume of 6417631 shares. The stock had previously closed at GBX 172 ($2.25).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their target price on Impax Asset Management Group from GBX 560 ($7.34) to GBX 510 ($6.68) and set a “buy” rating for the company in a research report on Friday, December 13th.

Get Our Latest Analysis on Impax Asset Management Group

Impax Asset Management Group Trading Down 8.1 %

The business’s fifty day moving average is GBX 195.42 and its 200-day moving average is GBX 275.34. The company has a debt-to-equity ratio of 5.94, a quick ratio of 2.26 and a current ratio of 3.23. The firm has a market cap of £200.17 million, a P/E ratio of 5.03, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, February 20th were paid a dividend of GBX 22.90 ($0.30) per share. The ex-dividend date was Thursday, February 20th. This represents a dividend yield of 7.12%. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s dividend payout ratio (DPR) is presently 89.19%.

Impax Asset Management Group Company Profile

(Get Free Report)

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.

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