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

Impax Asset Management Group Plc (LON:IPXGet Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 101.14 and traded as low as GBX 92.90. Impax Asset Management Group shares last traded at GBX 92.90, with a volume of 527,921 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 170 price objective on shares of Impax Asset Management Group in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 197.50.

Get Our Latest Stock Report on IPX

Impax Asset Management Group Trading Up 0.4%

The stock has a market cap of £113.30 million, a PE ratio of 8.88, a price-to-earnings-growth ratio of 5.05 and a beta of 1.30. The stock has a 50-day moving average price of GBX 101.14 and a two-hundred day moving average price of GBX 128.82. The company has a debt-to-equity ratio of 4.53, a current ratio of 46.93 and a quick ratio of 2.26.

Impax Asset Management Group (LON:IPXGet Free Report) last released its quarterly earnings data on Wednesday, May 20th. The company reported GBX 4.40 earnings per share (EPS) for the quarter. The business had revenue of GBX 5,881 million for the quarter. Impax Asset Management Group had a return on equity of 11.90% and a net margin of 10.53%.

About Impax Asset Management Group

(Get Free Report)

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.

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