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

Key Points

• Impax Asset Management Group's stock price has recently crossed above its fifty-day moving average, indicating a potential upward trend in the market.
• Berenberg Bank downgraded its price target for the company from GBX 330 to GBX 300 but maintained a "buy" rating, reflecting a mixed outlook from analysts.
• The company has a market capitalization of £241.22 million and currently holds a consensus rating of "Buy" with a target price of GBX 300 from investment analysts.

Shares of Impax Asset Management Group Plc (LON:IPX - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 193.66 ($2.59) and traded as high as GBX 198.80 ($2.66). Impax Asset Management Group shares last traded at GBX 188.40 ($2.52), with a volume of 208,537 shares.

Analyst Ratings Changes

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

Impax Asset Management Group Trading Up 0.7%

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 stock has a 50-day simple moving average of GBX 193.60 and a two-hundred day simple moving average of GBX 178.55. The firm has a market capitalization of £223.34 million, a P/E ratio of 734.06, 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.