Key Points
- Insider transaction: ITM Power insider Amy Grey sold 111 shares at GBX 101 each for £112.11, after purchasing 152 shares at GBX 99 in September.
- Stock performance: ITM shares opened at GBX 97.55, with a market capitalization of approximately £673.29 million. The stock has traded between GBX 57.90 and GBX 219.80 over the past year and remains below its 50- and 200-day moving averages.
- Analyst view: JPMorgan raised its price target from GBX 60 to GBX 80 while maintaining a “neutral” rating. Overall, analysts rate the stock “Moderate Buy,” based on two Buy and two Hold ratings.
ITM Power Plc (LON:ITM - Get Free Report) insider Amy Grey sold 111 shares of ITM Power stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of GBX 101, for a total transaction of £112.11.
Amy Grey also recently made the following trade(s):
- On Tuesday, September 15th, Amy Grey bought 152 shares of ITM Power stock. The stock was acquired at an average price of GBX 99 per share, for a total transaction of £150.48.
ITM Power Stock Performance
ITM stock opened at GBX 97.55 on Tuesday. The firm has a market cap of £673.29 million, a PE ratio of -19.51 and a beta of 2.85. 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 business has a 50 day moving average of GBX 104.07 and a 200-day moving average of GBX 116.41. ITM Power Plc has a 12-month low of GBX 57.90 and a 12-month high of GBX 219.80.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. upped their price objective on ITM Power from GBX 60 to GBX 80 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 5,062.50.
View Our Latest Research Report on ITM
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.
Further Reading
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