Impax Asset Management Group (LON:IPX) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Impax Asset Management Group Plc (LON:IPX)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 103.35 and traded as high as GBX 115.80. Impax Asset Management Group shares last traded at GBX 113.20, with a volume of 580,226 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 170 price target on shares of Impax Asset Management Group in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 197.50.

Impax Asset Management Group Stock Down 2.1%

The stock has a market cap of £136.81 million, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 5.05 and a beta of 1.31. The stock’s fifty day moving average price is GBX 103.82 and its 200 day moving average price is GBX 119.30. The company has a current ratio of 46.93, a quick ratio of 2.26 and a debt-to-equity ratio of 4.53.

Impax Asset Management Group (LON:IPX) last posted its earnings results on Wednesday, May 20th. The company reported GBX 4.40 EPS for the quarter. Impax Asset Management Group had a return on equity of 11.90% and a net margin of 10.53%.The business had revenue of GBX 5,881 million during the quarter.

Impax Asset Management Group Company Profile

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. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.