Impax Asset Management Group (LON:IPX) Shares Cross Above 50-Day Moving Average – What’s Next?

Impax Asset Management Group Plc (LON:IPXGet Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 156.97 ($2.12) and traded as high as GBX 194.80 ($2.64). Impax Asset Management Group shares last traded at GBX 190.80 ($2.58), with a volume of 463,495 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their target price on Impax Asset Management Group from GBX 440 ($5.95) to GBX 330 ($4.46) and set a “buy” rating on the stock in a research note on Tuesday, April 8th.

View Our Latest Stock Report on IPX

Impax Asset Management Group Price Performance

The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26. The company has a market capitalization of £241.72 million, a PE ratio of 6.08, a PEG ratio of 5.05 and a beta of 1.64. The firm has a 50-day moving average of GBX 156.97 and a 200 day moving average of GBX 204.79.

Impax Asset Management Group (LON:IPXGet Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported GBX 9.80 ($0.13) earnings per share (EPS) for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

Impax Asset Management Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 21st. Investors of record on Thursday, February 20th were issued a GBX 22.90 ($0.31) dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a yield of 7.12%. This is a boost from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s dividend payout ratio (DPR) is currently 89.19%.

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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