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

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) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 192.36 ($2.56) and traded as high as GBX 200 ($2.66). Impax Asset Management Group shares last traded at GBX 194.20 ($2.58), with a volume of 485,459 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their target price on Impax Asset Management Group from GBX 330 ($4.39) to GBX 300 ($3.99) and set a "buy" rating for the company in a research note on Wednesday, July 9th.

Impax Asset Management Group Stock Performance

The firm's 50 day moving average price is GBX 192.99 and its two-hundred day moving average price is GBX 182.26. The firm has a market cap of £233.24 million, a PE ratio of 5.86, a PEG 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.

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

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.