Key Points
- Insider purchase: Amy Grey bought 152 ITM Power shares at GBX 99 each, for a total transaction value of £150.48.
- Stock performance: ITM Power shares opened at GBX 102.28, with a market capitalization of approximately £705.91 million and a 52-week range of GBX 57.90 to GBX 219.80.
- Analyst outlook: JPMorgan raised its price target from GBX 60 to GBX 80 while maintaining a neutral rating. Overall, analysts give the stock a “Moderate Buy” consensus.
ITM Power Plc (LON:ITM - Get Free Report) insider Amy Grey acquired 152 shares of the stock in a transaction dated Tuesday, September 15th. The shares were bought at an average cost of GBX 99 per share, with a total value of £150.48.
ITM Power Stock Up 1.3%
Shares of LON:ITM opened at GBX 102.28 on Friday. The firm's 50 day moving average price is GBX 105.98 and its 200 day moving average price is GBX 113.24. The stock has a market cap of £705.91 million, a price-to-earnings ratio of -20.46 and a beta of 2.85. ITM Power Plc has a fifty-two week low of GBX 57.90 and a fifty-two week high of GBX 219.80. The company has a quick ratio of 7.56, a current ratio of 2.62 and a debt-to-equity ratio of 6.99.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. increased their price objective on shares of ITM Power from GBX 60 to GBX 80 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ITM Power presently has a consensus rating of "Moderate Buy" and an average price target of GBX 5,062.50.
Read Our Latest Research Report on ITM Power
ITM Power Company Profile
(
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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