Ian Simm Sells 2,600 Shares of Impax Asset Management Group Plc (LON:IPX) Stock

Impax Asset Management Group Plc (LON:IPX) insider Ian Simm sold 2,600 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of GBX 365 ($4.80), for a total value of £9,490 ($12,478.63).

Impax Asset Management Group Stock Down 0.7 %

Shares of LON IPX opened at GBX 368.50 ($4.85) on Friday. Impax Asset Management Group Plc has a 12-month low of GBX 347 ($4.56) and a 12-month high of GBX 575 ($7.56). The company has a market cap of £471.53 million, a P/E ratio of 1,188.71, 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 stock has a fifty day moving average price of GBX 387.45 and a 200 day moving average price of GBX 431.59.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their target price on Impax Asset Management Group from GBX 700 ($9.20) to GBX 620 ($8.15) and set a “buy” rating on the stock in a research report on Wednesday, July 10th.

About Impax Asset Management Group

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it 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.