Impax Asset Management Group (LON:IPX) Announces Quarterly Earnings Results

Impax Asset Management Group (LON:IPX) announced its earnings results on Wednesday. The company reported GBX 4.40 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 5,881 million during the quarter. Impax Asset Management Group had a net margin of 14.30% and a return on equity of 17.51%.

Impax Asset Management Group Trading Down 2.9%

LON IPX opened at GBX 101 on Thursday. The firm has a 50 day simple moving average of GBX 112.96 and a 200-day simple moving average of GBX 142.43. The company has a debt-to-equity ratio of 4.99, a quick ratio of 2.26 and a current ratio of 3.30. Impax Asset Management Group has a one year low of GBX 90.90 and a one year high of GBX 214. The firm has a market cap of £122.32 million, a price-to-earnings ratio of 6.39, a PEG ratio of 5.05 and a beta of 1.32.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 170 price objective on shares of Impax Asset Management Group in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 197.50.

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