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

ITM Power Plc (LON:ITM) insider Dennis Schulz bought 92 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of GBX 162 per share, for a total transaction 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 shares were bought at an average price of GBX 64 per share, for a total transaction of £149.12.

ITM Power Stock Performance

ITM opened at GBX 168.70 on Monday. ITM Power Plc has a 52-week low of GBX 44 and a 52-week high of GBX 179.70. The firm has a market capitalization of £1.16 billion, a PE ratio of -33.74 and a beta of 2.76. The company has a debt-to-equity ratio of 6.99, a quick ratio of 7.56 and a current ratio of 2.62. The business’s 50-day simple moving average is GBX 99.70 and its 200 day simple moving average is GBX 78.99.

Wall Street Analyst Weigh In

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

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.