ITM Power (LON:ITM) Insider Buys £150.22 in Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz bought 203 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were acquired at an average cost of GBX 74 per share, with a total value of £150.22.

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

• On Wednesday, October 15th, Dennis Schulz purchased 177 shares of ITM Power stock. The stock was acquired at an average cost of GBX 85 per share, for a total transaction of £150.45.
• On Monday, September 15th, Dennis Schulz purchased 235 shares of ITM Power stock. The shares were acquired at an average price of GBX 64 per share, for a total transaction of £150.40.

ITM Power Stock Up 4.0%

Shares of LON ITM opened at GBX 72 on Thursday. ITM Power Plc has a 12-month low of GBX 25.08 and a 12-month high of GBX 98.45. The stock has a market cap of £443.64 million, a PE ratio of -9.73 and a beta of 2.03. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The company has a 50-day moving average of GBX 77.26 and a 200 day moving average of GBX 69.80.

Analyst Ratings Changes

A number of equities research analysts have 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 research report on Wednesday, October 1st. Berenberg Bank reissued a “buy” rating and set a GBX 100 price objective on shares of ITM Power in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of ITM Power in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 95.

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.