Key Points
- ITM Power insider Dennis Schulz bought 92 shares on Friday, May 15, at an average price of GBX 162, for a total of £149.04.
- Schulz also made a prior purchase on Monday, March 16, when he bought 233 shares at GBX 64 each, totaling £149.12.
- Analyst sentiment on ITM Power is mixed but constructive: Berenberg and Jefferies both raised their price targets and maintained/began buy ratings, giving the stock a consensus rating of Moderate Buy.
ITM Power Plc (LON:ITM - Get Free Report) insider Dennis Schulz bought 92 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of GBX 162 per share, with a total value of £149.04.
Dennis Schulz also recently made the following trade(s):
- On Monday, March 16th, Dennis Schulz purchased 233 shares of ITM Power stock. The shares were purchased at an average price of GBX 64 per share, with a total value of £149.12.
ITM Power Stock Performance
Shares of ITM opened at GBX 164.60 on Tuesday. The firm has a 50-day moving average price of GBX 101.72 and a 200 day moving average price of GBX 79.57. The company has a quick ratio of 7.56, a current ratio of 2.62 and a debt-to-equity ratio of 6.99. The firm has a market capitalization of £1.14 billion, a PE ratio of -32.92 and a beta of 2.76. ITM Power Plc has a 52-week low of GBX 44 and a 52-week high of GBX 179.70.
Analysts Set New Price Targets
Several research firms have recently weighed in on ITM. Berenberg Bank raised their price objective on ITM Power from GBX 100 to GBX 110 and gave the stock a "buy" rating in a research note on Tuesday, April 14th. Jefferies Financial Group raised ITM Power to a "buy" rating and raised their price objective for the stock from £115 to £200 in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 6,723.33.
Check Out Our Latest Stock Analysis on ITM
About ITM Power
(
Get Free Report)
ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.
With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.
Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.
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