Impax Asset Management Group (LON:IPX) Stock Crosses Below 50 Day Moving Average - Here's Why

Key Points

• Impax shares fell below their 50‑day moving average, trading as low as GBX 131.81 versus a 50‑day MA of GBX 151.67 on volume of 195,903 shares.
• Analysts remain positive—Berenberg reaffirmed a "buy" with a GBX 300 target, and the stock's consensus rating is "Buy" with an average target of GBX 262.50.
• The company trades with a market cap of £159.64M and a P/E of 8.34, while financial ratios show a current ratio of 3.30 and a debt‑to‑equity of 4.99.

Impax Asset Management Group Plc (LON:IPX - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 151.67 and traded as low as GBX 131.81. Impax Asset Management Group shares last traded at GBX 131.81, with a volume of 195,903 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 300 price objective on shares of Impax Asset Management Group in a research note on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of GBX 262.50.

Impax Asset Management Group Stock Performance

The firm has a market cap of £159.64 million, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 5.05 and a beta of 1.54. The company has a current ratio of 3.30, a quick ratio of 2.26 and a debt-to-equity ratio of 4.99. The stock has a fifty day moving average price of GBX 151.67 and a 200 day moving average price of GBX 167.45.

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. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.