Impax Asset Management Group (LON:IPX) Stock Price Crosses Above 50-Day Moving Average of $739.38

Shares of Impax Asset Management Group plc (LON:IPX – Get Rating) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 739.38 ($9.15) and traded as high as GBX 780 ($9.66). Impax Asset Management Group shares last traded at GBX 764 ($9.46), with a volume of 71,588 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,000 ($12.38) target price on shares of Impax Asset Management Group in a report on Wednesday, November 30th.

Impax Asset Management Group Trading Up 0.1 %

The firm has a market cap of £1.01 billion and a price-to-earnings ratio of 1,697.78. The company has a debt-to-equity ratio of 6.57, a current ratio of 2.74 and a quick ratio of 2.26. The firm’s fifty day moving average is GBX 739.38 and its 200-day moving average is GBX 663.48.

Impax Asset Management Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Thursday, February 9th will be paid a GBX 22.90 ($0.28) dividend. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. This represents a yield of 3.17%. The ex-dividend date of this dividend is Thursday, February 9th. Impax Asset Management Group’s payout ratio is 48.22%.

Insider Buying and Selling at Impax Asset Management Group

In other Impax Asset Management Group news, insider Ian Simm sold 20,000 shares of Impax Asset Management Group stock in a transaction on Monday, December 19th. The shares were sold at an average price of GBX 693 ($8.58), for a total value of £138,600 ($171,598.37).

About Impax Asset Management Group

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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.