Dennis Schulz Purchases 152 Shares of ITM Power (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz purchased 152 shares of ITM Power stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of GBX 99 per share, for a total transaction of £150.48.

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

• On Wednesday, July 15th, Dennis Schulz acquired 134 shares of ITM Power stock. The shares were purchased at an average cost of GBX 112 per share, for a total transaction of £150.08.

ITM Power Stock Performance

LON ITM opened at GBX 102.10 on Thursday. ITM Power Plc has a 1-year low of GBX 57.90 and a 1-year high of GBX 219.80. The company has a 50 day moving average of GBX 106.28 and a 200-day moving average of GBX 112.98. 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 firm has a market cap of £704.70 million, a price-to-earnings ratio of -20.42 and a beta of 2.85.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price target on ITM Power from GBX 60 to GBX 80 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,062.50.

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.