ITM Power Plc (LON:ITM – Get Rating) has been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 468.71 ($5.66).
A number of research analysts have recently issued reports on the company. Barclays reaffirmed an "overweight" rating and set a GBX 600 ($7.25) price target on shares of ITM Power in a report on Thursday, September 15th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of ITM Power in a report on Tuesday, July 19th. Finally, Berenberg Bank lowered their target price on ITM Power from GBX 185 ($2.24) to GBX 100 ($1.21) and set a "sell" rating on the stock in a report on Friday, September 16th.
Get ITM Power alerts:ITM Power Trading Up 0.4 %
ITM Power stock opened at GBX 95.50 ($1.15) on Friday. The company has a current ratio of 8.45, a quick ratio of 7.56 and a debt-to-equity ratio of 1.81. The business's fifty day simple moving average is GBX 144.02 and its two-hundred day simple moving average is GBX 217.29. ITM Power has a 12 month low of GBX 85.65 ($1.03) and a 12 month high of GBX 527.50 ($6.37). The company has a market capitalization of £585.57 million and a price-to-earnings ratio of -16.75.
Insider Buying and Selling
In other ITM Power news, insider Denise Cockrem purchased 4,534 shares of ITM Power stock in a transaction that occurred on Friday, September 16th. The shares were bought at an average price of GBX 110 ($1.33) per share, for a total transaction of £4,987.40 ($6,026.34). In other news, insider Graham Cooley acquired 22,526 shares of the company's stock in a transaction on Tuesday, September 20th. The stock was bought at an average cost of GBX 111 ($1.34) per share, with a total value of £25,003.86 ($30,212.49). Also, insider Denise Cockrem acquired 4,534 shares of the company's stock in a transaction on Friday, September 16th. The shares were purchased at an average cost of GBX 110 ($1.33) per share, with a total value of £4,987.40 ($6,026.34). Over the last 90 days, insiders have acquired 27,415 shares of company stock worth $3,044,073.ITM Power Company Profile
(Get Rating)
ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, transportation, and industrial sectors in the United Kingdom, Germany, Australia, rest of Europe, and the United States. It offers HGas1SP, HGas3SP, 3MEP CUBE, and 2GEP Skid. The company is also involved in the development and manufacture of prototype products; and sale of electrolysis equipment, automotive fuel, hydrogen, electrolyser solutions, and hydrogen storage solutions.
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