Impax Asset Management Group (LON:IPX) Stock Rating Lowered by Peel Hunt

Impax Asset Management Group (LON:IPX) was downgraded by Peel Hunt to an “add” rating in a note issued to investors on Wednesday, June 5th, ThisIsMoney.Co.Uk reports. They currently have a GBX 290 ($3.79) price target on the stock, up from their prior price target of GBX 250 ($3.27). Peel Hunt’s price objective would indicate a potential upside of 7.41% from the stock’s previous close.

LON IPX remained flat at $GBX 270 ($3.53) on Wednesday. The company’s stock had a trading volume of 100,402 shares, compared to its average volume of 93,587. Impax Asset Management Group has a 1-year low of GBX 178.50 ($2.33) and a 1-year high of GBX 295 ($3.85). The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 11.92. The company’s 50-day moving average is GBX 264.11. The firm has a market cap of $327.62 million and a price-to-earnings ratio of 23.28.

In other Impax Asset Management Group news, insider Charlie Ridge acquired 756 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of GBX 238 ($3.11) per share, for a total transaction of £1,799.28 ($2,351.08).

About Impax Asset Management Group

Impax Asset Management Group plc, through its subsidiaries, 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.

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