Impax Asset Management Group (LON:IPX) Sets New 52-Week Low – Here’s What Happened

Impax Asset Management Group Plc (LON:IPX) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 220.50 ($2.69) and last traded at GBX 224 ($2.74), with a volume of 578262 shares trading hands. The stock had previously closed at GBX 242.50 ($2.96).

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on shares of Impax Asset Management Group from GBX 560 ($6.84) to GBX 510 ($6.23) and set a “buy” rating on the stock in a report on Friday, December 13th.

Impax Asset Management Group Stock Down 4.2 %

The company has a current ratio of 3.59, a quick ratio of 2.26 and a debt-to-equity ratio of 6.93. The business’s fifty day moving average price is GBX 295.30 and its two-hundred day moving average price is GBX 353.41. The firm has a market cap of £274.47 million, a P/E ratio of 691.94, a P/E/G ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be given a dividend of GBX 22.90 ($0.28) per share. The ex-dividend date is Thursday, February 20th. This represents a yield of 7.12%. This is a boost from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s dividend payout ratio is presently 9,032.26%.

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.