Impax Asset Management Group (IPX)

Sector:

Financials

Index:

FTSE AIM 50

464.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 836.00
  • 52 Week Low: 368.50
  • Currency: UK Pounds
  • Shares Issued: 132.60m
  • Volume: 222,340
  • Market Cap: £615.91m

Berenberg lowers target price on Impax Asset Management

By Iain Gilbert

Date: Wednesday 01 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg lowered their target price on asset manager Impax from 1,350.0p to 1,250.0p on Wednesday as ongoing market volatility had somewhat offset the firm's "strong H1 results".
Berenberg, which reiterated its 'buy' rating on the stock, said Impax's H1 was characterised by "a resilient level of organic growth". However, the German bank also noted that this was offset by falling markets.

"The company reported strong H1 results with earnings per share of 21.5p (+82% year-on-year), circa 5% ahead of Berenberg expectations. Impax demonstrated decent organic AUM growth of £468.0m in Q2 (to 31 March), representing a circa 5% annualised organic growth rate," said Berenberg.

"Total AUM fell by 8% to £38.0bn as a result of negative market movements driven by the conflict in Ukraine. Organic growth has slowed since Q1; this is understandable in light of the higher levels of uncertainty in the first part of the year. During April and May, markets have continued to fall and are down c5%."

Taking this into account, Berenberg cut its full-year 2022-24 estimates by roughly 5- 9% to reflect the interim earnings per share beat but also current market levels.

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IPX Market Data

Currency UK Pounds
Share Price 464.50p
Change Today -2.50p
% Change -0.54 %
52 Week High 836.00
52 Week Low 368.50
Volume 222,340
Shares Issued 132.60m
Market Cap £615.91m

IPX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.33% above the market average1.33% above the market average1.33% above the market average1.33% above the market average1.33% above the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Price Trend
39.09% below the market average39.09% below the market average39.09% below the market average39.09% below the market average39.09% below the market average
41.38% below the sector average41.38% below the sector average41.38% below the sector average41.38% below the sector average41.38% below the sector average
Income
67.93% above the market average67.93% above the market average67.93% above the market average67.93% above the market average67.93% above the market average
12.12% below the sector average12.12% below the sector average12.12% below the sector average12.12% below the sector average12.12% below the sector average
Growth
18.01% below the market average18.01% below the market average18.01% below the market average18.01% below the market average18.01% below the market average
4.67% above the sector average4.67% above the sector average4.67% above the sector average4.67% above the sector average4.67% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
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 08-Feb-24 15-Jun-23
Paid 22-Mar-24 21-Jul-23
Amount 22.90p 4.70p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 23,147 @ 464.50p
16:35 20 @ 464.50p
16:35 248 @ 464.50p
16:35 253 @ 464.50p
16:35 67 @ 464.50p

IPX Key Personnel

CEO Ian Simm
Chair Sally Bridgeland

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