Key Points
- Simon Bourne bought 227 shares of ITM Power at GBX 66 on Jan 15, adding to earlier insider purchases (466 shares at GBX 64 on Dec 16 and 203 shares at GBX 74 on Nov 14), signaling continued insider accumulation.
- Analysts carry a “Moderate Buy” consensus with an average target of GBX 91.67 (Jefferies raised its target to GBX 115; Berenberg GBX 100; UBS GBX 60), while the stock trades in the mid‑GBX 60s with a market cap of about £395.7M and a negative PE.
ITM Power Plc (LON:ITM - Get Free Report) insider Simon Bourne purchased 227 shares of the firm's stock in a transaction on Thursday, January 15th. The stock was bought at an average price of GBX 66 per share, with a total value of £149.82.
Simon Bourne also recently made the following trade(s):
- On Tuesday, December 16th, Simon Bourne acquired 466 shares of ITM Power stock. The shares were bought at an average cost of GBX 64 per share, with a total value of £298.24.
- On Friday, November 14th, Simon Bourne bought 203 shares of ITM Power stock. The stock was bought at an average cost of GBX 74 per share, with a total value of £150.22.
ITM Power Stock Performance
Shares of ITM Power stock opened at GBX 64.21 on Tuesday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. ITM Power Plc has a 1 year low of GBX 25.08 and a 1 year high of GBX 98.45. The firm's 50-day simple moving average is GBX 67.70 and its 200-day simple moving average is GBX 71.33. The firm has a market cap of £395.66 million, a PE ratio of -8.68 and a beta of 2.03.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on ITM. Jefferies Financial Group boosted their price target on ITM Power from GBX 60 to GBX 115 and gave the company a "buy" rating in a report on Wednesday, October 1st. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 100 price objective on shares of ITM Power in a report on Thursday, December 4th. Finally, UBS Group reissued a "neutral" rating and set a GBX 60 target price on shares of ITM Power in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 91.67.
View Our Latest Research Report on ITM
About ITM Power
(
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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