Impax Asset Management Group (LON:IPX) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• Impax Asset Management Group's stock successfully crossed above its 50-day moving average, trading at GBX 209.50 ($2.83) after reaching a high of GBX 214 ($2.89) during the session.
• Berenberg Bank revised their price objective for Impax from GBX 330 ($4.46) to GBX 300 ($4.05), maintaining a "buy" rating for the company.
• The company reported an earnings per share (EPS) of GBX 9.80 ($0.13) for the previous quarter, highlighting a strong net margin of 22.60% and a return on equity of 32.67%.

Impax Asset Management Group Plc (LON:IPX - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 189.34 ($2.53) and traded as high as GBX 214 ($2.86). Impax Asset Management Group shares last traded at GBX 209.50 ($2.80), with a volume of 235,591 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price objective on Impax Asset Management Group from GBX 330 ($4.41) to GBX 300 ($4.01) and set a "buy" rating for the company in a research note on Wednesday, July 9th.

Impax Asset Management Group Trading Down 1.9%

The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94. The company has a fifty day simple moving average of GBX 190.68 and a 200-day simple moving average of GBX 182.64. The company has a market capitalization of £256.55 million, a PE ratio of 6.45, a PEG ratio of 5.05 and a beta of 1.64.

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

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.