Impax Asset Management Group (LON:IPX) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of Impax Asset Management Group Plc (LON:IPX) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 184.76 and traded as high as GBX 189.80. Impax Asset Management Group shares last traded at GBX 185.73, with a volume of 1,407,429 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 225 target price on shares of Impax Asset Management Group in a research report on Wednesday, October 8th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 price objective on shares of Impax Asset Management Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Impax Asset Management Group presently has an average rating of “Buy” and an average price target of GBX 262.50.

Impax Asset Management Group Trading Up 0.5%

The company has a fifty day simple moving average of GBX 184.76 and a two-hundred day simple moving average of GBX 183.15. The company has a quick ratio of 2.26, a current ratio of 3.23 and a debt-to-equity ratio of 5.94. The stock has a market capitalization of £230.52 million, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64.

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.