Dennis Schulz Buys 92 Shares of ITM Power (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz bought 92 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of GBX 162 per share, with a total value of £149.04.

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

• On Monday, March 16th, Dennis Schulz bought 233 shares of ITM Power stock. The stock was acquired at an average cost of GBX 64 per share, with a total value of £149.12.

ITM Power Stock Up 5.7%

LON:ITM opened at GBX 168.70 on Monday. ITM Power Plc has a 1 year low of GBX 44 and a 1 year high of GBX 179.70. The company has a current ratio of 2.62, a quick ratio of 7.56 and a debt-to-equity ratio of 6.99. The stock has a market cap of £1.16 billion, a price-to-earnings ratio of -33.74 and a beta of 2.76. The stock has a 50-day moving average price of GBX 99.70 and a two-hundred day moving average price of GBX 78.99.

Analyst Ratings Changes

ITM has been the topic of a number of research reports. Berenberg Bank boosted their price target on ITM Power from GBX 100 to GBX 110 and gave the company a “buy” rating in a report on Tuesday, April 14th. Jefferies Financial Group upgraded ITM Power to a “buy” rating and boosted their price target for the company from £115 to £200 in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ITM Power has a consensus rating of “Moderate Buy” and an average target price of GBX 6,723.33.

About ITM Power

ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.

With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.

Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.