ITM Power (LON:ITM – Get Rating) had its price target lowered by Berenberg Bank from GBX 185 ($2.24) to GBX 100 ($1.21) in a research report sent to investors on Friday morning, Marketbeat reports. The firm currently has a sell rating on the stock.

ITM has been the topic of a number of other reports. Barclays reaffirmed an overweight rating and issued a GBX 600 ($7.25) price target on shares of ITM Power in a research note on Thursday, September 15th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of ITM Power in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, ITM Power currently has an average rating of Moderate Buy and a consensus target price of GBX 461.38 ($5.57).

ITM Power Price Performance

ITM opened at GBX 115.10 ($1.39) on Friday. The stock has a fifty day moving average of GBX 193.35 and a 200-day moving average of GBX 261.34. The firm has a market capitalization of £705.74 million and a P/E ratio of -20.19. ITM Power has a 12-month low of GBX 107.65 ($1.30) and a 12-month high of GBX 527.50 ($6.37). The company has a quick ratio of 7.81, a current ratio of 8.45 and a debt-to-equity ratio of 1.81.

About ITM Power

ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, transportation, and industrial sectors in the United Kingdom, Germany, rest of Europe, and the United States. It offers HGas for power-to-gas, clean fuel, and industrial hydrogen applications. The company is also involved in the development and manufacture of prototype products; and sale of electrolysis equipment and hydrogen storage solutions.

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