Impax Asset Management Group (LON:IPX) Stock Passes Above 50 Day Moving Average – What’s Next?

Impax Asset Management Group Plc (LON:IPX)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-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.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 170 price target 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, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 197.50.

Impax Asset Management Group Price Performance

The firm has a market capitalization of £136.56 million, a PE ratio of 10.70, a P/E/G ratio of 5.05 and a beta of 1.31. The firm’s fifty day moving average price is GBX 101.94 and its 200 day moving average price is GBX 123.45. The company has a current ratio of 46.93, a quick ratio of 2.26 and a debt-to-equity ratio of 4.53.

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

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.