Impax Asset Management Group (LON:IPX) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Impax Asset Management Group Plc (LON:IPX)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 112.23 and traded as high as GBX 113. Impax Asset Management Group shares last traded at GBX 107.60, with a volume of 148,774 shares trading 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 197.50.

Impax Asset Management Group Price Performance

The firm has a market capitalization of £130.73 million, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 5.05 and a beta of 1.32. The firm has a 50 day moving average price of GBX 110.31 and a 200-day moving average price of GBX 112.23. The company has a current ratio of 46.93, a quick ratio of 2.26 and a debt-to-equity ratio of 4.53.

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.