Impax Asset Management Group (LON:IPX) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Impax Asset Management Group Plc (LON:IPX)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 181.96 and traded as low as GBX 147.60. Impax Asset Management Group shares last traded at GBX 149, with a volume of 395,349 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price target on shares of Impax Asset Management Group in a report on Wednesday, October 8th. Peel Hunt restated a “buy” rating and set a GBX 225 target price on shares of Impax Asset Management Group in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Impax Asset Management Group currently has an average rating of “Buy” and a consensus price target of GBX 262.50.

Impax Asset Management Group Price Performance

The company has a quick ratio of 2.26, a current ratio of 3.23 and a debt-to-equity ratio of 5.94. The stock’s 50-day moving average price is GBX 181.96 and its 200 day moving average price is GBX 186.33. The firm has a market capitalization of £183.36 million, a price-to-earnings ratio of 9.43, a PEG ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group (LON:IPX) last issued its earnings results on Monday, December 1st. The company reported GBX 15.90 earnings per share for the quarter. Impax Asset Management Group had a return on equity of 32.67% and a net margin of 22.60%.

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.