Impax Asset Management Group (LON:IPX) Stock Passes Above Fifty Day Moving Average of $793.28

Impax Asset Management Group plc (LON:IPX – Get Rating)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 793.28 ($9.87) and traded as high as GBX 830 ($10.32). Impax Asset Management Group shares last traded at GBX 818 ($10.17), with a volume of 177,359 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,000 ($12.44) price target on shares of Impax Asset Management Group in a research report on Tuesday, April 11th.

Impax Asset Management Group Price Performance

The company has a quick ratio of 2.26, a current ratio of 2.74 and a debt-to-equity ratio of 6.57. The stock has a market cap of £1.06 billion, a price-to-earnings ratio of 1,817.78, a price-to-earnings-growth ratio of 5.05 and a beta of 1.46. The company’s 50-day moving average is GBX 793.28 and its 200-day moving average is GBX 777.90.

Impax Asset Management Group Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 21st. Investors of record on Thursday, February 9th were given a GBX 22.90 ($0.28) dividend. This represents a yield of 3.17%. The ex-dividend date was Thursday, February 9th. This is a positive change from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s dividend payout ratio is 6,222.22%.

About Impax Asset Management Group

(Get Rating)

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.