Impax Asset Management Group (LON:IPX) Reaches New 12-Month Low – Should You Sell?

Impax Asset Management Group Plc (LON:IPX)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 198.80 ($2.43) and last traded at GBX 207 ($2.53), with a volume of 736521 shares trading hands. The stock had previously closed at GBX 202.50 ($2.47).

Wall Street Analysts Forecast Growth

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

Impax Asset Management Group Stock Up 2.2 %

The firm has a market cap of £264.88 million, a P/E ratio of 667.74, a P/E/G ratio of 5.05 and a beta of 1.64. 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 has a 50-day moving average price of GBX 289.54 and a 200-day moving average price of GBX 350.39.

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 given a dividend of GBX 22.90 ($0.28) per share. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. The ex-dividend date is Thursday, February 20th. This represents a yield of 7.12%. Impax Asset Management Group’s dividend payout ratio (DPR) is 9,032.26%.

About Impax Asset Management Group

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.