ITM Power (OTCMKTS:ITMPF) Earns Buy Rating from Analysts at Societe Generale

Societe Generale started coverage on shares of ITM Power (OTCMKTS:ITMPFGet Rating) in a research note released on Tuesday morning, The Fly reports. The firm issued a buy rating on the stock.

Other analysts have also issued reports about the stock. Sanford C. Bernstein lowered shares of ITM Power from an outperform rating to a market perform rating in a research report on Wednesday, November 2nd. Citigroup lowered shares of ITM Power from a buy rating to a neutral rating in a research report on Tuesday, November 8th. The Goldman Sachs Group downgraded shares of ITM Power from a neutral rating to a sell rating in a report on Wednesday, August 17th. HSBC downgraded shares of ITM Power from a buy rating to a hold rating in a report on Friday, October 28th. Finally, Jefferies Financial Group downgraded shares of ITM Power from a buy rating to a hold rating in a report on Tuesday, November 15th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $355.00.

ITM Power Stock Performance

OTCMKTS ITMPF opened at $1.15 on Tuesday. The company’s fifty day moving average is $1.12 and its two-hundred day moving average is $2.15. ITM Power has a 52-week low of $0.84 and a 52-week high of $6.26.

ITM Power Company Profile

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ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, transportation, and industrial sectors in the United Kingdom, Germany, Australia, rest of Europe, and the United States. It offers HGas1SP, HGas3SP, 3MEP CUBE, and 2GEP Skid. The company is also involved in the development and manufacture of prototype products; and sale of electrolysis equipment, automotive fuel, hydrogen, electrolyser solutions, and hydrogen storage solutions.

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Analyst Recommendations for ITM Power (OTCMKTS:ITMPF)

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