Impax Asset Management Group (LON:IPX) Stock Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Impax Asset Management Group's share price recently crossed above its 50-day moving average, trading at GBX 193 ($2.60) before settling at GBX 187 ($2.52).
• Berenberg Bank has lowered their price target for the stock from GBX 330 to GBX 300 while maintaining a "buy" rating, reflecting the current average consensus for the stock.
• The company's market capitalization stands at £236.15 million, with a high price-to-earnings ratio of 778.24, indicating significant investor expectations.

Impax Asset Management Group Plc (LON:IPX - Get Free Report)'s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 188.72 ($2.54) and traded as high as GBX 193 ($2.60). Impax Asset Management Group shares last traded at GBX 187 ($2.52), with a volume of 350,011 shares changing hands.

Analyst Ratings Changes

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

Impax Asset Management Group Stock Performance

The stock has a market cap of £236.15 million, a price-to-earnings ratio of 778.24, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The company has a debt-to-equity ratio of 5.94, a quick ratio of 2.26 and a current ratio of 3.23. The stock's 50-day simple moving average is GBX 188.72 and its two-hundred day simple moving average is GBX 178.05.

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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