ITM Power (LON:ITM) Insider Buys £149.82 in Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz acquired 227 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was acquired at an average cost of GBX 66 per share, for a total transaction of £149.82.

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

• On Tuesday, December 16th, Dennis Schulz bought 466 shares of ITM Power stock. The stock was bought at an average cost of GBX 64 per share, with a total value of £298.24.
• On Friday, November 14th, Dennis Schulz acquired 203 shares of ITM Power stock. The stock was acquired at an average cost of GBX 74 per share, for a total transaction of £150.22.

ITM Power Price Performance

LON ITM opened at GBX 65.08 on Monday. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The company’s 50 day moving average is GBX 68.01 and its two-hundred day moving average is GBX 71.51. The stock has a market cap of £401.01 million, a price-to-earnings ratio of -8.79 and a beta of 2.03. ITM Power Plc has a 12 month low of GBX 25.08 and a 12 month high of GBX 98.45.

Analysts Set New Price Targets

A number of research analysts have recently commented on ITM shares. UBS Group reaffirmed a “neutral” rating and set a GBX 60 target price on shares of ITM Power in a research note on Friday. Jefferies Financial Group raised their price target on shares of ITM Power from GBX 60 to GBX 115 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 100 target price on shares of ITM Power in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 91.67.

About ITM Power

ITM Power was founded in 2000, and ITM Power PLC was admitted to the London Stock Exchange’s AIM market in 2004.

Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.