Simon Bourne Acquires 113 Shares of ITM Power (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Simon Bourne acquired 113 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average price of GBX 133 per share, with a total value of £150.29.

Simon Bourne also recently made the following trade(s):

• On Friday, May 15th, Simon Bourne bought 92 shares of ITM Power stock. The shares were bought at an average cost of GBX 162 per share, with a total value of £149.04.

ITM Power Trading Down 2.2%

Shares of LON ITM opened at GBX 124.49 on Wednesday. ITM Power Plc has a 12 month low of GBX 56.80 and a 12 month high of GBX 219.80. The company has a market cap of £859.23 million, a price-to-earnings ratio of -24.90 and a beta of 2.84. 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 fifty day simple moving average of GBX 142.27 and a 200-day simple moving average of GBX 91.86.

Analyst Ratings Changes

Several equities research analysts have recently commented on ITM shares. Berenberg Bank upped their target price on ITM Power from GBX 100 to GBX 110 and gave the company a “buy” rating in a report on Tuesday, April 14th. Jefferies Financial Group raised ITM Power to a “buy” rating and upped their target price for the company from £115 to £200 in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 6,723.33.

ITM Power Company Profile

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.