Impax Asset Management Group (LON:IPX) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Impax Asset Management Group Plc (LON:IPXGet Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 101.14 and traded as low as GBX 92.90. Impax Asset Management Group shares last traded at GBX 92.90, with a volume of 527,921 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed 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, According to MarketBeat, Impax Asset Management Group currently has an average rating of “Buy” and a consensus target price of GBX 197.50.

Read Our Latest Report on IPX

Impax Asset Management Group Stock Up 0.4%

The company has a debt-to-equity ratio of 4.53, a quick ratio of 2.26 and a current ratio of 46.93. The company’s 50-day moving average price is GBX 101.14 and its 200 day moving average price is GBX 128.82. The stock has a market capitalization of £113.30 million, a P/E ratio of 8.88, a P/E/G ratio of 5.05 and a beta of 1.30.

Impax Asset Management Group (LON:IPXGet Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The company reported GBX 4.40 EPS for the quarter. Impax Asset Management Group had a return on equity of 11.90% and a net margin of 10.53%.The business had revenue of GBX 5,881 million for the quarter.

About Impax Asset Management Group

(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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