ITM Power Plc (LON:ITM – Get Free Report) insider Amy Grey purchased 152 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were bought at an average price of GBX 99 per share, for a total transaction of £150.48.
ITM Power Trading Up 1.1%
Shares of LON ITM opened at GBX 102.10 on Thursday. The company has a market cap of £704.70 million, a price-to-earnings ratio of -20.42 and a beta of 2.85. The stock’s 50 day simple moving average is GBX 106.28 and its 200 day simple moving average is GBX 112.98. The company has a current ratio of 2.62, a quick ratio of 7.56 and a debt-to-equity ratio of 6.99. ITM Power Plc has a 12-month low of GBX 57.90 and a 12-month high of GBX 219.80.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. lifted 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,062.50.
About ITM Power
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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