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

Impax Asset Management Group Plc (LON:IPX)’s share price crossed 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 trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued 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.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 197.50.

Impax Asset Management Group Trading Down 3.8%

The business has a 50 day simple moving average of GBX 101.94 and a 200-day simple moving average of GBX 123.45. The stock has a market capitalization of £136.56 million, a price-to-earnings ratio of 10.70, a PEG ratio of 5.05 and a beta of 1.31. The company has a debt-to-equity ratio of 4.53, a current ratio of 46.93 and a quick ratio of 2.26.

Impax Asset Management Group (LON:IPX) last released 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 company had revenue of GBX 5,881 million for the quarter.

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.