Impax Asset Management Group (LON:IPX) Sets New 1-Year Low – Here’s What Happened

Posted by Simon Gomez on Feb 23rd, 2025

Impax Asset Management Group Plc (LON:IPX – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 183.20 ($2.31) and last traded at GBX 187.30 ($2.37), with a volume of 1061866 shares traded. The stock had previously closed at GBX 187.40 ($2.37).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price target on Impax Asset Management Group from GBX 560 ($7.08) to GBX 510 ($6.44) and set a “buy” rating for the company in a research note on Friday, December 13th.

View Our Latest Stock Report on IPX

Impax Asset Management Group Trading Down 0.1 %

The company has a quick ratio of 2.26, a current ratio of 3.23 and a debt-to-equity ratio of 5.94. The firm has a market capitalization of £237.29 million, a P/E ratio of 5.97, a PEG ratio of 5.05 and a beta of 1.64. The firm has a 50 day moving average of GBX 223.41 and a 200-day moving average of GBX 314.26.

Impax Asset Management Group (LON:IPX – Get Free Report) last issued its quarterly earnings results on Thursday, November 28th. The company reported GBX 28.50 ($0.36) earnings per share (EPS) for the quarter. Impax Asset Management Group had a return on equity of 32.67% and a net margin of 22.60%.

Impax Asset Management Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be paid a dividend of GBX 22.90 ($0.29) per share. The ex-dividend date is Thursday, February 20th. This is a boost from Impax Asset Management Group’s previous dividend of $4.70. This represents a yield of 7.12%. Impax Asset Management Group’s dividend 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.