ITM Power’s (ITM) “Overweight” Rating Reaffirmed at Barclays

Barclays restated their overweight rating on shares of ITM Power (LON:ITM) in a report released on Friday morning, PriceTargets.com reports. Barclays currently has a GBX 600 ($8.14) price objective on the stock.

Several other equities analysts have also issued reports on ITM. JPMorgan Chase & Co. reissued a neutral rating on shares of ITM Power in a report on Friday, October 15th. Citigroup restated a buy rating and set a GBX 550 ($7.47) target price on shares of ITM Power in a research report on Friday, December 17th. Finally, Liberum Capital reaffirmed a buy rating and issued a GBX 691 ($9.38) price objective on shares of ITM Power in a report on Thursday, December 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Buy and an average target price of GBX 550.13 ($7.47).

Shares of LON:ITM opened at GBX 338 ($4.59) on Friday. The company has a market cap of £2.07 billion and a price-to-earnings ratio of -61.45. The company has a 50-day moving average price of GBX 416.89 and a 200 day moving average price of GBX 427.06. ITM Power has a 12 month low of GBX 307.06 ($4.17) and a 12 month high of GBX 724 ($9.83). The company has a current ratio of 8.11, a quick ratio of 7.56 and a debt-to-equity ratio of 3.29.

ITM Power Company Profile

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

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Analyst Recommendations for ITM Power (LON:ITM)

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