Impax Asset Management Group Plc (LON:IPX - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 381.98 ($4.96) and traded as high as GBX 394 ($5.12). Impax Asset Management Group shares last traded at GBX 386.50 ($5.02), with a volume of 197,591 shares changing hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reduced their price target on shares of Impax Asset Management Group from GBX 620 ($8.05) to GBX 560 ($7.27) and set a "buy" rating on the stock in a research report on Tuesday, October 8th.
Check Out Our Latest Analysis on IPX
Impax Asset Management Group Stock Performance
The company has a current ratio of 3.59, a quick ratio of 2.26 and a debt-to-equity ratio of 6.93. The business's 50 day moving average is GBX 381.98 and its 200 day moving average is GBX 412.83. The stock has a market capitalization of £468.33 million, a PE ratio of 1,172.58, a PEG ratio of 5.05 and a beta of 1.64.
Insider Buying and Selling at Impax Asset Management Group
In related news, insider Ian Simm sold 2,600 shares of Impax Asset Management Group stock in a transaction dated Friday, September 6th. The shares were sold at an average price of GBX 365 ($4.74), for a total transaction of £9,490 ($12,321.47). 19.34% of the stock is currently owned by corporate insiders.
Impax Asset Management Group Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Impax Asset Management Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Impax Asset Management Group wasn't on the list.
While Impax Asset Management Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
