Impax Asset Management Group (LON:IPX) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Impax Asset Management Group Plc (LON:IPX – Get Free Report) 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.

Analyst Upgrades and Downgrades

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

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Impax Asset Management Group Stock Performance

The company has a debt-to-equity ratio of 4.53, a current ratio of 46.93 and a quick ratio of 2.26. The firm has a market cap of £140.45 million, a price-to-earnings ratio of 11.01, a P/E/G ratio of 5.05 and a beta of 1.31. The firm has a fifty day simple moving average of GBX 103.35 and a two-hundred day simple moving average of GBX 119.91.

Impax Asset Management Group (LON:IPX – Get Free Report) last issued its quarterly earnings results 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 business had revenue of GBX 5,881 million for the quarter.

About Impax Asset Management Group

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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.

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