ITM Power (LON:ITM – Get Rating)'s stock had its "overweight" rating reissued by investment analysts at Barclays in a report issued on Thursday, Digital Look reports. They presently have a GBX 600 ($7.25) target price on the stock. Barclays's price objective would suggest a potential upside of 424.17% from the stock's previous close.
ITM has been the subject of several other reports. Berenberg Bank reduced their price target on ITM Power from GBX 225 ($2.72) to GBX 185 ($2.24) and set a "sell" rating for the company in a research report on Monday, June 20th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of ITM Power in a research report on Tuesday, July 19th. Finally, Sanford C. Bernstein set a GBX 370 ($4.47) price target on ITM Power in a research report on Wednesday, May 18th. One 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 MarketBeat, ITM Power has an average rating of "Moderate Buy" and an average target price of GBX 472 ($5.70).
Get ITM Power alerts:ITM Power Trading Down 0.7 %
ITM opened at GBX 114.47 ($1.38) on Thursday. The firm has a market cap of £701.86 million and a price-to-earnings ratio of -20.08. The company has a current ratio of 5.94, a quick ratio of 5.59 and a debt-to-equity ratio of 3.59. ITM Power has a 12 month low of GBX 108.80 ($1.31) and a 12 month high of GBX 527.50 ($6.37). The stock has a fifty day moving average price of GBX 197.90 and a 200-day moving average price of GBX 266.42.
ITM Power Company Profile
(Get Rating)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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