Impax Asset Management Group (LON:IPX) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Impax Asset Management Group Plc (LON:IPX)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 110.43 and traded as low as GBX 99.10. Impax Asset Management Group shares last traded at GBX 102.20, with a volume of 955,129 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 170 target price 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.com, Impax Asset Management Group has a consensus rating of “Buy” and a consensus price target of GBX 197.50.

Impax Asset Management Group Stock Up 1.7%

The business has a fifty day moving average of GBX 110.81 and a 200 day moving average of GBX 110.12. The company has a quick ratio of 2.26, a current ratio of 46.93 and a debt-to-equity ratio of 4.53. The firm has a market cap of £129.03 million, a P/E ratio of 10.11, a P/E/G ratio of 5.05 and a beta of 1.32.

Impax Asset Management Group Company Profile

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.