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

Impax Asset Management Group Plc (LON:IPXGet Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 158.48 and traded as high as GBX 162. Impax Asset Management Group shares last traded at GBX 159, with a volume of 730,870 shares traded.

Analysts Set New Price Targets

IPX has been the topic of several recent research reports. Peel Hunt restated a “buy” rating and issued a GBX 225 price target on shares of Impax Asset Management Group in a research report on Wednesday, October 8th. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price objective 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, the stock presently has an average rating of “Buy” and a consensus target price of GBX 262.50.

Check Out Our Latest Research Report on IPX

Impax Asset Management Group Trading Up 2.2%

The company has a market capitalization of £195.47 million, a P/E ratio of 10.22, a PEG ratio of 5.05 and a beta of 1.64. The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26. The business’s 50-day moving average price is GBX 157.17 and its two-hundred day moving average price is GBX 178.28.

Impax Asset Management Group (LON:IPXGet Free Report) last released its quarterly earnings data on Monday, December 1st. The company reported GBX 15.90 EPS for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

Impax Asset Management Group Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Impax Asset Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impax Asset Management Group and related companies with MarketBeat.com's FREE daily email newsletter.