Impax Asset Management Group (LON:IPX) Reaches New 12-Month Low – What’s Next?

Posted by James Quigley on Feb 21st, 2025

Shares of Impax Asset Management Group Plc (LON:IPX – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 183.20 ($2.32) and last traded at GBX 187.30 ($2.37), with a volume of 1061866 shares changing hands. The stock had previously closed at GBX 187.40 ($2.37).

Analyst Ratings Changes

Separately, Berenberg Bank cut their price objective on Impax Asset Management Group from GBX 560 ($7.10) to GBX 510 ($6.46) and set a “buy” rating for the company in a research report on Friday, December 13th.

Read Our Latest Research Report on Impax Asset Management Group

Impax Asset Management Group Price Performance

The stock has a market capitalization of £237.29 million, a PE ratio of 5.97, a PEG ratio of 5.05 and a beta of 1.64. The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94. The company’s 50 day simple moving average is GBX 224.70 and its 200 day simple moving average is GBX 315.63.

Impax Asset Management Group (LON:IPX – Get Free Report) last released its earnings results on Thursday, November 28th. The company reported GBX 28.50 ($0.36) 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 company also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be paid a GBX 22.90 ($0.29) dividend. This is a boost from Impax Asset Management Group’s previous dividend of $4.70. This represents a yield of 7.12%. The ex-dividend date of this dividend is Thursday, February 20th. Impax Asset Management Group’s payout ratio is presently 89.19%.

About Impax Asset Management Group

(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.