Impax Asset Management Group (LON:IPX) Reaches New 1-Year Low – What’s Next?

Shares of Impax Asset Management Group Plc (LON:IPX) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 198.80 ($2.43) and last traded at GBX 207 ($2.53), with a volume of 736521 shares trading hands. The stock had previously closed at GBX 202.50 ($2.47).

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their target price on Impax Asset Management Group from GBX 560 ($6.84) to GBX 510 ($6.23) and set a “buy” rating for the company in a report on Friday, December 13th.

Impax Asset Management Group Stock Up 2.2 %

The company has a debt-to-equity ratio of 6.93, a quick ratio of 2.26 and a current ratio of 3.59. The company has a fifty day moving average of GBX 289.54 and a two-hundred day moving average of GBX 350.39. The company has a market cap of £264.88 million, a PE ratio of 667.74, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be issued a GBX 22.90 ($0.28) dividend. This represents a dividend yield of 7.12%. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s dividend payout ratio (DPR) is 9,032.26%.

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.