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

Impax Asset Management Group Plc (LON:IPX) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 104.94 and traded as high as GBX 120. Impax Asset Management Group shares last traded at GBX 116, with a volume of 406,091 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 170 price objective on shares of Impax Asset Management Group in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 197.50.

Impax Asset Management Group Trading Down 0.9%

The stock has a market capitalization of £139.72 million, a P/E ratio of 10.95, a PEG ratio of 5.05 and a beta of 1.31. The stock’s fifty day moving average price is GBX 104.94 and its 200 day moving average price is GBX 117.97. The company has a debt-to-equity ratio of 4.53, a current ratio of 46.93 and a quick ratio of 2.26.

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

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