ITM Power’s (ITM) “Hold” Rating Reiterated at Peel Hunt

Peel Hunt reissued their hold rating on shares of ITM Power (LON:ITM) in a research report released on Thursday,Digital Look reports. They currently have a GBX 92 price objective on the stock.

Separately, JPMorgan Chase & Co. upped their price target on shares of ITM Power from GBX 60 to GBX 80 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 4,068.40.

ITM Power Price Performance

Shares of LON:ITM opened at GBX 93.85 on Thursday. The company has a quick ratio of 7.56, a current ratio of 2.62 and a debt-to-equity ratio of 6.99. The firm has a market capitalization of £647.75 million, a PE ratio of -18.77 and a beta of 2.85. ITM Power has a twelve month low of GBX 57.90 and a twelve month high of GBX 219.80. The company has a 50-day moving average price of GBX 103.45 and a two-hundred day moving average price of GBX 116.87.

ITM Power Company Profile

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.