Key Points
- Insider Dennis Schulz bought 466 shares of ITM Power on Dec. 16 at GBX 64 (total £298.24), adding to earlier purchases of 203 shares on Nov. 14 (GBX 74) and 177 shares on Oct. 15 (GBX 85).
- Analyst sentiment is positive with two Buy and one Hold ratings, a consensus target of GBX 107.50, and Jefferies recently raising its price objective to GBX 115.
- Shares opened at GBX 62.97 with a market cap of about £387.98m, a negative PE (-8.51) and a 52-week range of GBX 25.08–98.45, indicating volatility and that the company remains loss-making.
ITM Power Plc (LON:ITM - Get Free Report) insider Dennis Schulz acquired 466 shares of ITM Power stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average price of GBX 64 per share, with a total value of £298.24.
Dennis Schulz also recently made the following trade(s):
- On Friday, November 14th, Dennis Schulz bought 203 shares of ITM Power stock. The shares were acquired at an average cost of GBX 74 per share, for a total transaction of £150.22.
- On Wednesday, October 15th, Dennis Schulz purchased 177 shares of ITM Power stock. The shares were acquired at an average cost of GBX 85 per share, for a total transaction of £150.45.
ITM Power Stock Performance
Shares of ITM opened at GBX 62.97 on Thursday. The firm has a market capitalization of £387.98 million, a PE ratio of -8.51 and a beta of 2.03. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The firm has a 50-day moving average price of GBX 75.41 and a 200 day moving average price of GBX 73.40. ITM Power Plc has a 52-week low of GBX 25.08 and a 52-week high of GBX 98.45.
Wall Street Analyst Weigh In
ITM has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 100 target price on shares of ITM Power in a report on Thursday, December 4th. Jefferies Financial Group upped their price objective on shares of ITM Power from GBX 60 to GBX 115 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, ITM Power presently has an average rating of "Moderate Buy" and a consensus price target of GBX 107.50.
Read Our Latest Research Report on ITM
ITM Power Company Profile
(
Get Free Report)
ITM Power was founded in 2000, and ITM Power PLC was admitted to the London Stock Exchange's AIM market in 2004.
Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.
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