Impax Asset Management Group (LON:IPX) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Impax Asset Management Group Plc (LON:IPXGet Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 184.76 and traded as high as GBX 189.80. Impax Asset Management Group shares last traded at GBX 185.73, with a volume of 1,407,429 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 price target on shares of Impax Asset Management Group in a report on Wednesday, October 8th. Peel Hunt restated a “buy” rating and issued a GBX 225 target price on shares of Impax Asset Management Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 262.50.

View Our Latest Report on IPX

Impax Asset Management Group Trading Up 0.5%

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 £230.52 million, a P/E ratio of 7.79, a P/E/G ratio of 5.05 and a beta of 1.64. The business has a 50-day moving average price of GBX 184.76 and a two-hundred day moving average price of GBX 183.15.

Impax Asset Management Group Company Profile

(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.

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