Impax Asset Management Group (LON:IPX) Shares Cross Below 50 Day Moving Average – Here’s Why

Impax Asset Management Group Plc (LON:IPX) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 100.50 and traded as low as GBX 93.48. Impax Asset Management Group shares last traded at GBX 95, with a volume of 1,589,032 shares trading hands.

Analyst Upgrades and Downgrades

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

Impax Asset Management Group Trading Up 10.5%

The firm has a market capitalization of £127.57 million, a P/E ratio of 10.00, a PEG ratio of 5.05 and a beta of 1.31. The company has a quick ratio of 2.26, a current ratio of 46.93 and a debt-to-equity ratio of 4.53. The business has a 50-day moving average price of GBX 100.50 and a 200-day moving average price of GBX 124.79.

Impax Asset Management Group (LON:IPX) last issued its earnings results on Wednesday, May 20th. The company reported GBX 4.40 EPS for the quarter. The firm had revenue of GBX 5,881 million during 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

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.