Impax Asset Management Group (LON:IPX) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Impax Asset Management Group Plc (LON:IPX) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 102.21 and traded as high as GBX 113.61. Impax Asset Management Group shares last traded at GBX 110.20, with a volume of 604,915 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 170 price target on shares of Impax Asset Management Group in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 197.50.

Impax Asset Management Group Stock Up 2.0%

The company has a market cap of £133.89 million, a PE ratio of 10.50, a P/E/G ratio of 5.05 and a beta of 1.31. The company’s 50 day moving average is GBX 102.21 and its 200 day moving average is GBX 121.43. The company has a current ratio of 46.93, a quick ratio of 2.26 and a debt-to-equity ratio of 4.53.

Impax Asset Management Group (LON:IPX) last announced its quarterly earnings data on Wednesday, May 20th. The company reported GBX 4.40 earnings per share for the quarter. The company had revenue of GBX 5,881 million during the quarter. Impax Asset Management Group had a net margin of 10.53% and a return on equity of 11.90%.

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. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.