ITM Power (LON:ITM) Insider Dennis Schulz Buys 466 Shares

ITM Power Plc (LON:ITM) insider Dennis Schulz purchased 466 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average price of GBX 64 per share, with a total value of £298.24.

Dennis Schulz also recently made the following trade(s):

• On Friday, November 14th, Dennis Schulz purchased 203 shares of ITM Power stock. The stock was acquired at an average price of GBX 74 per share, with a total value of £150.22.
• On Wednesday, October 15th, Dennis Schulz acquired 177 shares of ITM Power stock. The stock was bought at an average cost of GBX 85 per share, with a total value of £150.45.

ITM Power Price Performance

Shares of ITM stock traded down GBX 0.47 on Wednesday, reaching GBX 62.83. 1,119,363 shares of the company were exchanged, compared to its average volume of 4,085,212. The business has a 50-day moving average price of GBX 75.80 and a 200 day moving average price of GBX 73.47. ITM Power Plc has a 1 year low of GBX 25.08 and a 1 year high of GBX 98.45. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The company has a market cap of £387.13 million, a price-to-earnings ratio of -8.49 and a beta of 2.03.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ITM shares. Jefferies Financial Group upped their price target on ITM Power from GBX 60 to GBX 115 and gave the company a “buy” rating in a report on Wednesday, October 1st. Berenberg Bank reissued a “buy” rating and issued a GBX 100 price target on shares of ITM Power in a report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, ITM Power presently has an average rating of “Moderate Buy” and a consensus price target of GBX 107.50.

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.