Impax Asset Management Group (LON:IPX) Shares Pass Above 50-Day Moving Average – Time to Sell?

Impax Asset Management Group Plc (LON:IPX) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 100.80 and traded as high as GBX 102.40. Impax Asset Management Group shares last traded at GBX 102.40, with a volume of 471,377 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 170 price target on shares of Impax Asset Management Group in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Impax Asset Management Group has a consensus rating of “Buy” and a consensus price target of GBX 197.50.

Impax Asset Management Group Stock Performance

The company has a quick ratio of 2.26, a current ratio of 46.93 and a debt-to-equity ratio of 4.53. The company has a 50-day moving average price of GBX 100.75 and a 200-day moving average price of GBX 126.44. The firm has a market capitalization of £124.17 million, a price-to-earnings ratio of 9.73, a P/E/G ratio of 5.05 and a beta of 1.30.

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. The firm had revenue of GBX 5,881 million for the quarter. Impax Asset Management Group had a return on equity of 11.90% and a net margin of 10.53%.

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.