Impax Asset Management Group (LON:IPX) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Impax Asset Management Group Plc (LON:IPX)’s stock price 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 traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 197.50.

Impax Asset Management Group Stock Performance

The company has a market capitalization of £130.73 million, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 5.05 and a beta of 1.32. The business has a 50 day moving average of GBX 110.31 and a 200 day moving average of GBX 112.23. The company has a quick ratio of 2.26, a current ratio of 46.93 and a debt-to-equity ratio of 4.53.

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.