Impax Asset Management Group (LON:IPX) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Impax Asset Management Group Plc (LON:IPXGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 112.23 and traded as high as GBX 113. Impax Asset Management Group shares last traded at GBX 107.60, with a volume of 148,774 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 170 price target on shares of Impax Asset Management Group in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 197.50.

Read Our Latest Stock Report on IPX

Impax Asset Management Group Stock Performance

The business’s fifty day moving average price is GBX 110.48 and its 200-day moving average price is GBX 111.88. The stock has a market cap of £131.03 million, a PE ratio of 10.27, a P/E/G ratio of 5.05 and a beta of 1.32. The company has a debt-to-equity ratio of 4.53, a quick ratio of 2.26 and a current ratio of 46.93.

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.

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