Impax Asset Management Group Plc (LON:IPX – Get Free Report) 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 changing hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a “buy” rating and issued 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.com, Impax Asset Management Group has a consensus rating of “Buy” and an average price target of GBX 197.50.
Read Our Latest Research Report on Impax Asset Management Group
Impax Asset Management Group Stock Down 1.7%
Impax Asset Management Group (LON:IPX – Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The company reported GBX 4.40 earnings per share for the quarter. Impax Asset Management Group had a net margin of 10.53% and a return on equity of 11.90%. The business had revenue of GBX 5,881 million for 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.
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