Impax Asset Management Group (LON:IPX) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Impax Asset Management Group Plc (LON:IPXGet Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 102.21 and traded as high as GBX 113.61. Impax Asset Management Group shares last traded at GBX 110.20, with a volume of 604,915 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 170 target price on shares of Impax Asset Management Group in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 197.50.

View Our Latest Research Report on Impax Asset Management Group

Impax Asset Management Group Stock Performance

The firm has a market cap of £133.16 million, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 5.05 and a beta of 1.31. The stock has a 50-day moving average of GBX 102.51 and a 200-day moving average of GBX 120.94. The company has a debt-to-equity ratio of 4.53, a quick ratio of 2.26 and a current ratio of 46.93.

Impax Asset Management Group (LON:IPXGet Free Report) last released its quarterly earnings results on Wednesday, May 20th. The company reported GBX 4.40 earnings per share 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%.

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. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.

Recommended Stories

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.