ITM Power Plc (LON:ITM – Get Rating) insider Denise Cockrem acquired 4,534 shares of the firm's stock in a transaction that occurred on Friday, September 16th. The stock was purchased at an average price of GBX 110 ($1.33) per share, with a total value of £4,987.40 ($6,026.34).

ITM Power Stock Down 4.5 %

ITM stock opened at GBX 109.95 ($1.33) on Wednesday. ITM Power Plc has a fifty-two week low of GBX 105.25 ($1.27) and a fifty-two week high of GBX 527.50 ($6.37). The business's 50-day moving average is GBX 191.80 and its two-hundred day moving average is GBX 260.28. The company has a debt-to-equity ratio of 1.81, a quick ratio of 7.81 and a current ratio of 8.45. The company has a market cap of £674.17 million and a price-to-earnings ratio of -19.29.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ITM. Barclays restated 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 report on Tuesday, July 19th. Finally, Berenberg Bank lowered their price target on ITM Power from GBX 185 ($2.24) to GBX 100 ($1.21) and set a "sell" rating on the stock in a report on Friday, September 16th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 461.38 ($5.57).

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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