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

Shares of Impax Asset Management Group Plc (LON:IPX) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 108.75 and traded as high as GBX 115. Impax Asset Management Group shares last traded at GBX 113.60, with a volume of 234,151 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 170 price objective on shares of Impax Asset Management Group in a research 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 currently has a consensus rating of “Buy” and an average target price of GBX 197.50.

Impax Asset Management Group Stock Down 1.9%

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 market capitalization of £138.02 million, a PE ratio of 10.82, a PEG ratio of 5.05 and a beta of 1.31. The company’s 50 day moving average is GBX 108.75 and its two-hundred day moving average is GBX 114.39.

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.