Shares of Impax Asset Management Group Plc (LON:IPX – Get Free Report) passed 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 trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank cut their price objective 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 note on Tuesday, October 8th.
Read Our Latest Stock Analysis on IPX
Impax Asset Management Group Price Performance
Insiders Place Their Bets
In related news, insider Ian Simm sold 2,600 shares of the stock in a transaction on 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). Insiders own 19.34% of the company’s stock.
About Impax Asset Management Group
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.
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