Insider Buying: ITM Power Plc (LON:ITM) Insider Purchases 408 Shares of Stock

ITM Power Plc (LON:ITM) insider Simon Bourne acquired 408 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of GBX 37 ($0.47) per share, with a total value of £150.96 ($190.61).

Simon Bourne also recently made the following trade(s):

• On Friday, November 15th, Simon Bourne purchased 405 shares of ITM Power stock. The stock was acquired at an average price of GBX 37 ($0.47) per share, for a total transaction of £149.85 ($189.20).
• On Wednesday, October 30th, Simon Bourne acquired 60,126 shares of ITM Power stock. The shares were acquired at an average price of GBX 42 ($0.53) per share, with a total value of £25,252.92 ($31,885.00).

ITM Power Trading Down 0.2 %

LON ITM opened at GBX 35.30 ($0.45) on Monday. The firm has a market capitalization of £217.69 million, a PE ratio of -884.00 and a beta of 2.03. The business’s 50-day moving average price is GBX 39.36 and its two-hundred day moving average price is GBX 47.72. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. ITM Power Plc has a 12 month low of GBX 32.20 ($0.41) and a 12 month high of GBX 71.80 ($0.91).

Wall Street Analyst Weigh In

ITM has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 60 ($0.76) price target on shares of ITM Power in a research note on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 70 ($0.88) target price on shares of ITM Power in a research report on Friday, December 6th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 59 ($0.74) price target on shares of ITM Power in a report on Thursday, December 5th.

About ITM Power

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. The company’s product portfolio comprises TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a 20 MW electrolysis process module for large-scale projects.