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

Impax Asset Management Group Plc (LON:IPX) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 152.91 and traded as high as GBX 160.60. Impax Asset Management Group shares last traded at GBX 152.98, with a volume of 6,771,864 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 300 target price on shares of Impax Asset Management Group in a research report on Monday, January 12th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 262.50.

Impax Asset Management Group Trading Up 0.9%

The company’s fifty day moving average price is GBX 153.03 and its two-hundred day moving average price is GBX 173.22. The company has a quick ratio of 2.26, a current ratio of 3.23 and a debt-to-equity ratio of 5.94. The company has a market cap of £187.24 million, a price-to-earnings ratio of 9.78, a price-to-earnings-growth 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 EPS for the quarter. Impax Asset Management Group had a return on equity of 32.67% and a net margin of 22.60%.

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.