Impax Asset Management Group (LON:IPX) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Impax Asset Management Group Plc (LON:IPXGet Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 103.35 and traded as high as GBX 115.80. Impax Asset Management Group shares last traded at GBX 113.20, with a volume of 580,226 shares traded.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on IPX

Impax Asset Management Group Trading Up 2.5%

The company has a current ratio of 46.93, a quick ratio of 2.26 and a debt-to-equity ratio of 4.53. The stock has a market capitalization of £140.45 million, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 5.05 and a beta of 1.31. The company has a 50-day moving average price of GBX 103.35 and a 200 day moving average price of GBX 119.91.

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

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.

See Also

Receive News & Ratings for Impax Asset Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impax Asset Management Group and related companies with MarketBeat.com's FREE daily email newsletter.