Impax Asset Management Group (LON:IPX) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Impax Asset Management Group Plc (LON:IPX)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 101.94 and traded as high as GBX 119.80. Impax Asset Management Group shares last traded at GBX 112.40, with a volume of 460,013 shares changing hands.

Wall Street Analyst Weigh In

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

Impax Asset Management Group Price Performance

The company has a market cap of £136.56 million, a price-to-earnings ratio of 10.70, a PEG ratio of 5.05 and a beta of 1.31. The stock’s 50-day simple moving average is GBX 101.94 and its 200 day simple moving average is GBX 123.45. The company has a quick ratio of 2.26, a current ratio of 46.93 and a debt-to-equity ratio of 4.53.

Impax Asset Management Group (LON:IPX) last posted 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 firm had revenue of GBX 5,881 million during 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.