ITM Power (LON:ITM) Earns “Hold” Rating from Peel Hunt

ITM Power (LON:ITM)‘s stock had its “hold” rating reiterated by Peel Hunt in a report released on Thursday, October 8th, Digital Look reports. They currently have a GBX 92 price objective on the stock. Peel Hunt’s price target suggests a potential upside of 2.22% from the company’s current price.

Separately, JPMorgan Chase & Co. increased their price target on ITM Power from GBX 60 to GBX 80 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, ITM Power currently has a consensus rating of “Hold” and an average price target of GBX 4,086.40.

ITM Power Trading Down 3.8%

ITM stock traded down GBX 3.55 during midday trading on Thursday, reaching GBX 90. The company’s stock had a trading volume of 18,668,021 shares, compared to its average volume of 5,959,089. ITM Power has a 1 year low of GBX 57.90 and a 1 year high of GBX 219.80. The firm has a market capitalization of £621.18 million, a price-to-earnings ratio of -18.00 and a beta of 2.85. The stock has a fifty day simple moving average of GBX 102.93 and a two-hundred day simple moving average of GBX 117.91. The company has a debt-to-equity ratio of 6.99, a quick ratio of 7.56 and a current ratio of 2.62.

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.