Dennis Schulz Buys 227 Shares of ITM Power (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz bought 227 shares of the stock in a transaction on Thursday, January 15th. The shares were bought at an average price of GBX 66 per share, for a total transaction of £149.82.

Dennis Schulz also recently made the following trade(s):

• On Tuesday, December 16th, Dennis Schulz purchased 466 shares of ITM Power stock. The stock was bought at an average price of GBX 64 per share, with a total value of £298.24.
• On Friday, November 14th, Dennis Schulz acquired 203 shares of ITM Power stock. The shares were bought at an average cost of GBX 74 per share, with a total value of £150.22.

ITM Power Stock Down 0.9%

Shares of ITM Power stock opened at GBX 64.41 on Wednesday. ITM Power Plc has a twelve month low of GBX 25.08 and a twelve month high of GBX 98.45. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The company’s 50 day moving average is GBX 67.43 and its 200 day moving average is GBX 71.14. The company has a market cap of £396.85 million, a price-to-earnings ratio of -8.70 and a beta of 2.03.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ITM. Berenberg Bank restated a “buy” rating and issued a GBX 100 price target on shares of ITM Power in a research note on Thursday, December 4th. UBS Group reissued a “neutral” rating and issued a GBX 60 target price on shares of ITM Power in a report on Friday, January 16th. Finally, Jefferies Financial Group raised their target price on ITM Power from GBX 60 to GBX 115 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 91.67.

ITM Power Company Profile

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.