Impax Asset Management Group (LON:IPX) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Impax Asset Management Group Plc (LON:IPXGet Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 102.21 and traded as high as GBX 113.61. Impax Asset Management Group shares last traded at GBX 110.20, with a volume of 604,915 shares.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on Impax Asset Management Group

Impax Asset Management Group Trading Up 2.0%

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 has a market capitalization of £133.89 million, a P/E ratio of 10.50, a PEG ratio of 5.05 and a beta of 1.31. The company’s fifty day simple moving average is GBX 102.21 and its 200-day simple moving average is GBX 121.43.

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 net margin of 10.53% and a return on equity of 11.90%. The business had revenue of GBX 5,881 million during the quarter.

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.

Further Reading

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