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

Key Points

• Impax Asset Management Group stock has recently crossed below its 50-day moving average, trading as low as GBX 172 ($2.34) from a 50-day average of GBX 191.10 ($2.60).
• Berenberg Bank has lowered its price target for the company from GBX 330 to GBX 300, while maintaining a "buy" rating for the stock, which has a consensus rating of "Buy" with an average target price of GBX 300.
• The company has a market capitalization of £224.12 million and notable financial metrics, including a current ratio of 3.23 and a debt-to-equity ratio of 5.94.

Impax Asset Management Group Plc (LON:IPX - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 191.10 ($2.60) and traded as low as GBX 172 ($2.34). Impax Asset Management Group shares last traded at GBX 177 ($2.41), with a volume of 112,353 shares changing hands.

Analyst Upgrades and Downgrades

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

Impax Asset Management Group Trading Down 0.3%

The business has a 50 day moving average of GBX 191.10 and a two-hundred day moving average of GBX 177.63. 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 firm has a market cap of £224.12 million, a P/E ratio of 738.61, a PEG 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.

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