Impax Asset Management Group (LON:IPX) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Impax Asset Management Group Plc (LON:IPX) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 185.06 ($2.47) and traded as low as GBX 180.40 ($2.41). Impax Asset Management Group shares last traded at GBX 184.20 ($2.46), with a volume of 323,069 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on IPX shares. Berenberg Bank reissued a “buy” rating and set a GBX 300 price objective on shares of Impax Asset Management Group in a report on Wednesday, October 8th. Peel Hunt reissued a “buy” rating and set a GBX 225 price objective on shares of Impax Asset Management Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 262.50.

Impax Asset Management Group Price Performance

The stock has a market capitalization of £227.29 million, a price-to-earnings ratio of 754.81, a P/E/G ratio of 5.05 and a beta of 1.64. The company has a fifty day simple moving average of GBX 185.06 and a 200 day simple moving average of GBX 177.85. The company has a debt-to-equity ratio of 5.94, a quick ratio of 2.26 and a current ratio of 3.23.

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.