Impax Asset Management Group (LON:IPX) Sets New 1-Year Low – Here’s What Happened

Impax Asset Management Group Plc (LON:IPX) reached a new 52-week low on Friday . The stock traded as low as GBX 183.20 ($2.31) and last traded at GBX 187.30 ($2.37), with a volume of 1061866 shares. The stock had previously closed at GBX 187.40 ($2.37).

Analyst Ratings Changes

Separately, Berenberg Bank cut their target price on Impax Asset Management Group from GBX 560 ($7.08) to GBX 510 ($6.44) and set a “buy” rating for the company in a research note on Friday, December 13th.

Impax Asset Management Group Stock Down 0.1 %

The firm’s fifty day moving average price is GBX 223.41 and its 200-day moving average price is GBX 314.26. The company has a market capitalization of £237.29 million, a price-to-earnings ratio of 5.97, a P/E/G ratio of 5.05 and a beta of 1.64. The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26.

Impax Asset Management Group (LON:IPX) last announced its quarterly earnings results on Thursday, November 28th. The company reported GBX 28.50 ($0.36) earnings per share (EPS) for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

Impax Asset Management Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be issued a dividend of GBX 22.90 ($0.29) per share. The ex-dividend date is Thursday, February 20th. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. This represents a dividend yield of 7.12%. Impax Asset Management Group’s dividend payout ratio is 89.19%.

About Impax Asset Management Group

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.