Impax Asset Management Group (LON:IPX) Trading 21.1% Higher – What’s Next?

Impax Asset Management Group Plc (LON:IPX) was up 21.1% during trading on Friday . The company traded as high as GBX 116.20 and last traded at GBX 115. Approximately 2,624,132 shares were traded during mid-day trading, an increase of 162% from the average daily volume of 1,002,957 shares. The stock had previously closed at GBX 95.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 170 price objective on shares of Impax Asset Management Group in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Impax Asset Management Group presently has an average rating of “Buy” and a consensus target price of GBX 197.50.

Impax Asset Management Group Stock Performance

The company has a debt-to-equity ratio of 4.53, a quick ratio of 2.26 and a current ratio of 46.93. The stock has a market cap of £139.72 million, a P/E ratio of 10.95, a P/E/G ratio of 5.05 and a beta of 1.31. The business’s 50-day moving average price is GBX 100.82 and its 200-day moving average price is GBX 124.72.

Impax Asset Management Group (LON:IPX) last released its quarterly earnings results on Wednesday, May 20th. The company reported GBX 4.40 earnings per share (EPS) for the quarter. Impax Asset Management Group had a return on equity of 11.90% and a net margin of 10.53%.The business had revenue of GBX 5,881 million during the quarter.

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