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

Key Points

• Impax Asset Management Group's stock price has surpassed its 50-day moving average, reaching a high of GBX 200 ($2.65) during trading.
• Berenberg Bank has downgraded the stock's price target from GBX 330 ($4.38) to GBX 300 ($3.98) while maintaining a "buy" rating.
• The company reported GBX 9.80 ($0.13) EPS for its last quarter, indicating a net margin of 22.60% and a return on equity of 32.67%.

Impax Asset Management Group Plc (LON:IPX - Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 192.36 ($2.55) and traded as high as GBX 200 ($2.65). Impax Asset Management Group shares last traded at GBX 194.20 ($2.58), with a volume of 485,459 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price objective on Impax Asset Management Group from GBX 330 ($4.38) to GBX 300 ($3.98) and set a "buy" rating on the stock in a research note on Wednesday, July 9th.

Impax Asset Management Group Trading Down 1.9%

The company's 50-day moving average is GBX 192.74 and its 200-day moving average is GBX 182.76. 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 firm has a market cap of £246.03 million, a price-to-earnings ratio of 6.19, a P/E/G ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group (LON:IPX - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The company reported GBX 9.80 ($0.13) EPS for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

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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