ITM Power (LON:ITM) Given a GBX 370 Price Target by Sanford C. Bernstein Analysts

Sanford C. Bernstein set a GBX 370 ($4.56) target price on ITM Power (LON:ITMGet Rating) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of ITM Power in a research note on Wednesday, April 20th. Barclays reaffirmed an overweight rating and set a GBX 600 ($7.40) target price on shares of ITM Power in a research note on Friday, May 6th. Berenberg Bank reissued a sell rating and set a GBX 225 ($2.77) price objective on shares of ITM Power in a research note on Wednesday, March 16th. Morgan Stanley reissued an equal weight rating and set a GBX 470 ($5.79) price objective on shares of ITM Power in a research note on Tuesday, May 3rd. Finally, Citigroup reissued a buy rating and set a GBX 550 ($6.78) price objective on shares of ITM Power in a research note on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average target price of GBX 512.89 ($6.32).

Shares of ITM opened at GBX 304.60 ($3.75) on Wednesday. The firm’s 50-day moving average price is GBX 333.84 and its 200-day moving average price is GBX 353.59. The firm has a market capitalization of £1.87 billion and a price-to-earnings ratio of -53.44. The company has a current ratio of 5.94, a quick ratio of 5.59 and a debt-to-equity ratio of 3.59. ITM Power has a 1-year low of GBX 208.24 ($2.57) and a 1-year high of GBX 536.15 ($6.61).

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, rest of Europe, and the United States. It offers HGas for power-to-gas, clean fuel, and industrial hydrogen applications. The company is also involved in the development and manufacture of prototype products; and sale of electrolysis equipment and hydrogen storage solutions.

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Analyst Recommendations for ITM Power (LON:ITM)

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