Impax Asset Management Group (LON:IPX) Stock Passes Below 200 Day Moving Average – Here’s Why
by Scott Moore · The Cerbat GemImpax Asset Management Group Plc (LON:IPX – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 155.46 and traded as low as GBX 98. Impax Asset Management Group shares last traded at GBX 105.80, with a volume of 688,514 shares traded.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 300 price target on shares of Impax Asset Management Group in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 262.50.
View Our Latest Stock Report on Impax Asset Management Group
Impax Asset Management Group Price Performance
The firm has a market cap of £128.14 million, a P/E ratio of 6.70, a P/E/G ratio of 5.05 and a beta of 1.51. The company has a debt-to-equity ratio of 4.99, a current ratio of 3.30 and a quick ratio of 2.26. The company has a fifty day moving average of GBX 131.02 and a 200-day moving average of GBX 155.22.
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. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.