Impax Asset Management Group (LON:IPX) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Shares of Impax Asset Management Group Plc (LON:IPX) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 172.19 and traded as low as GBX 148.80. Impax Asset Management Group shares last traded at GBX 150.40, with a volume of 69,347 shares traded.

Analyst Ratings Changes

A number of analysts recently issued reports on IPX shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price target on shares of Impax Asset Management Group in a report on Wednesday, October 8th. Peel Hunt reiterated a “buy” rating and issued a GBX 225 target price on shares of Impax Asset Management Group in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 262.50.

Impax Asset Management Group Stock Performance

The business has a 50-day moving average of GBX 171.49 and a two-hundred day moving average of GBX 182.91. The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26. The company has a market cap of £185.09 million, a P/E ratio of 9.52, a P/E/G ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group (LON:IPX) last released its quarterly earnings results on Monday, December 1st. The company reported GBX 15.90 earnings per share for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

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.