Impax Asset Management Group (LON:IPX) Rating Reiterated by Peel Hunt

Peel Hunt reissued their buy rating on shares of Impax Asset Management Group (LON:IPX) in a report released on Monday, June 3rd, ThisIsMoney.Co.Uk reports.

Shares of IPX stock traded down GBX 20 ($0.26) during mid-day trading on Monday, reaching GBX 270 ($3.53). The stock had a trading volume of 38,180 shares, compared to its average volume of 93,587. Impax Asset Management Group has a 52-week low of GBX 178.50 ($2.33) and a 52-week high of GBX 295 ($3.85). The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 11.92. The company has a 50-day moving average price of GBX 262.29. The company has a market capitalization of $327.62 million and a price-to-earnings ratio of 23.28.

The firm also recently disclosed a dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 13th will be paid a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 0.56%. The ex-dividend date is Thursday, June 13th. Impax Asset Management Group’s payout ratio is currently 0.34%.

In other news, insider Charlie Ridge bought 756 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average cost of GBX 238 ($3.11) per share, with a total value of £1,799.28 ($2,351.08).

Impax Asset Management Group Company Profile

Impax Asset Management Group plc, through its subsidiaries, provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.

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