ITM Power (LON:ITM) Insider Acquires 152 Shares

ITM Power Plc (LON:ITM) insider Simon Bourne acquired 152 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average price of GBX 99 per share, for a total transaction of £150.48.

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

• On Wednesday, July 15th, Simon Bourne acquired 134 shares of ITM Power stock. The shares were acquired at an average cost of GBX 112 per share, for a total transaction of £150.08.

ITM Power Price Performance

LON ITM opened at GBX 102.10 on Thursday. 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 stock has a market capitalization of £704.70 million, a PE ratio of -20.42 and a beta of 2.85. The company has a 50 day moving average price of GBX 106.28 and a two-hundred day moving average price of GBX 112.98. ITM Power Plc has a 12-month low of GBX 57.90 and a 12-month high of GBX 219.80.

Analyst Ratings Changes

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 note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.