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

Key Points

• Impax Asset Management Group's stock has surpassed its 50-day moving average of GBX 186.57, trading at GBX 192.40 ($2.59) with a peak of GBX 194.80 ($2.62).
• Berenberg Bank has adjusted its price target for the stock from GBX 330 to GBX 300 but maintains a "buy" rating, with an average consensus rating of "Buy" across analysts.
• The firm holds a market cap of £250.57 million and has significant financial metrics, including a high PE ratio of 825.77 and a debt-to-equity ratio of 5.94.

Impax Asset Management Group Plc (LON:IPX - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 186.57 ($2.51) and traded as high as GBX 194.80 ($2.62). Impax Asset Management Group shares last traded at GBX 192.40 ($2.59), with a volume of 268,864 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their price objective on shares of Impax Asset Management Group from GBX 330 to GBX 300 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 300.

Impax Asset Management Group Stock Performance

The firm has a 50 day moving average of GBX 186.57 and a two-hundred day moving average of GBX 178.34. 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 stock has a market cap of £250.57 million, a PE ratio of 825.77, a PEG ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Company Profile

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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