ITM Power (LON:ITM) Insider Buys £150.48 in Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz purchased 152 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average cost of GBX 99 per share, with a total value of £150.48.

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

• On Wednesday, July 15th, Dennis Schulz purchased 134 shares of ITM Power stock. The stock was bought at an average price of GBX 112 per share, with a total value of £150.08.

ITM Power Trading Down 0.1%

Shares of LON ITM opened at GBX 103.30 on Friday. The business’s 50 day moving average is GBX 105.74 and its two-hundred day moving average is GBX 113.17. The company has a debt-to-equity ratio of 6.99, a current ratio of 2.62 and a quick ratio of 7.56. ITM Power Plc has a 1-year low of GBX 57.90 and a 1-year high of GBX 219.80. The stock has a market capitalization of £712.98 million, a P/E ratio of -20.66 and a beta of 2.85.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on shares of ITM Power from GBX 60 to GBX 80 and gave the company a “neutral” rating in a report 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.