Impax Asset Management Group (IPX)

Sector:

Financials

Index:

FTSE AIM 50

1,370.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 1,424.00p
  • 52 Week Low: 610.00p
  • Currency: UK Pounds
  • Shares Issued: 132.60m
  • Volume: 319,150
  • Market Cap: £1,816.57m
  • Beta: 1.03

Berenberg nudges up target price on Impax Asset Management

By Iain Gilbert

Date: Thursday 07 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on asset manager Impax Asset Management from 1,360.0p to 1,400.0p, stating the firm had grown through "the slow summer".
Impax posted total assets under management growth of roughly 8% quarter-on-quarter to £37.2bn in the three months ended 30 September, roughly 3% ahead of Berenberg's £36.0bn estimate.

The German bank's stated most of Impax's expansion was a result of positive inflows of around £1.5bn, representing an annualised net organic growth rate of about 17%.

"While this level of organic growth represents a slowdown versus Q3, it is in line with the normal seasonality of slower flows during the summer months," said Berenberg.

The analysts also noted that Impax reported positive investment performance of approximately £1.2bn over the period, representing a quarterly return of 3.5%, better than the FTSE All-Share Index at 1.1% over the same period.

"This is especially impressive given the recent falls in global equity markets. We think these numbers are supportive for the long-term investment case and highlight Impax's future potential as a long-term growth story," concluded Berenberg, which also reiterated its 'buy' rating on the stock.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

IPX Market Data

Currency UK Pounds
Share Price 1,370.00p
Change Today 20.00p
% Change 1.48 %
52 Week High 1,424.00p
52 Week Low 610.00p
Volume 319,150
Shares Issued 132.60m
Market Cap £1,816.57m
Beta 1.03

IPX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.37% below the market average83.37% below the market average83.37% below the market average83.37% below the market average83.37% below the market average
78.29% below the sector average78.29% below the sector average78.29% below the sector average78.29% below the sector average78.29% below the sector average
Price Trend
96.96% above the market average96.96% above the market average96.96% above the market average96.96% above the market average96.96% above the market average
94.20% above the sector average94.20% above the sector average94.20% above the sector average94.20% above the sector average94.20% above the sector average
Income
96.53% below the market average96.53% below the market average96.53% below the market average96.53% below the market average96.53% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
74.75% above the market average74.75% above the market average74.75% above the market average74.75% above the market average74.75% above the market average
45.00% above the sector average45.00% above the sector average45.00% above the sector average45.00% above the sector average45.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IPX Dividends

  Latest Previous
  Final Interim
Ex-Div 10-Feb-22 10-Jun-21
Paid 31-Mar-22 16-Jul-21
Amount 17.00p 3.60p

Trades for 02-Dec-2021

Time Volume / Share Price
17:09 3,400 @ 1,370.00p
16:35 35,500 @ 1,370.00p
16:29 4 @ 1,354.00p
16:29 6 @ 1,354.00p
16:29 5 @ 1,354.00p

IPX Key Personnel

CEO Ian Simm
Chair Sally Bridgeland

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