ITM Power Plc (LON:ITM – Get Free Report) insider Simon Bourne bought 528 shares of ITM Power stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of GBX 28 ($0.36) per share, for a total transaction of £147.84 ($192.32).
Simon Bourne also recently made the following trade(s):
- On Wednesday, January 15th, Simon Bourne purchased 792 shares of ITM Power stock. The stock was acquired at an average cost of GBX 38 ($0.49) per share, with a total value of £300.96 ($391.52).
ITM Power Stock Down 0.7 %
Shares of ITM opened at GBX 29.28 ($0.38) on Thursday. The stock has a fifty day simple moving average of GBX 32.82 and a two-hundred day simple moving average of GBX 38.28. ITM Power Plc has a 52-week low of GBX 25.08 ($0.33) and a 52-week high of GBX 71.80 ($0.93). 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 has a market capitalization of £182.46 million, a PE ratio of -6.70 and a beta of 2.03.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Berenberg Bank reissued a “hold” rating and set a GBX 59 ($0.77) price target on shares of ITM Power in a research report on Thursday, December 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 60 ($0.78) price objective on shares of ITM Power in a report on Friday, December 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 70 ($0.91) price objective on shares of ITM Power in a research note on Friday, December 6th.
Read Our Latest Research Report on ITM
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.
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