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

Impax Asset Management Group Plc (LON:IPX) 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.

Analyst Ratings Changes

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

Impax Asset Management Group Trading Up 3.0%

The company’s 50 day simple moving average is GBX 152.91 and its 200 day simple moving average is GBX 173.57. 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 firm has a market cap of £191.11 million, a price-to-earnings ratio of 9.99, a P/E/G ratio of 5.05 and a beta of 1.64.

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

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.