Impax Asset Management Group (LON:IPX) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Impax Asset Management Group Plc (LON:IPX)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 152.91 and traded as high as GBX 160.60. Impax Asset Management Group shares last traded at GBX 152.98, with a volume of 6,771,864 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 300 price target on shares of Impax Asset Management Group in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Impax Asset Management Group has an average rating of “Buy” and a consensus target price of GBX 262.50.

Impax Asset Management Group Trading Up 3.0%

The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94. The firm has a market cap of £191.11 million, a PE ratio of 9.99, a P/E/G ratio of 5.05 and a beta of 1.64. The business has a fifty day moving average price of GBX 152.91 and a 200 day moving average price of GBX 173.57.

Impax Asset Management Group (LON:IPX) last posted 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%.

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.