ITM Power Plc (OTCMKTS:ITMPF – Get Rating) has been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $435.00.
A number of research firms have recently commented on ITMPF. Berenberg Bank cut their price target on ITM Power from GBX 350 ($4.56) to GBX 300 ($3.91) in a report on Wednesday, January 19th. JPMorgan Chase & Co. raised ITM Power from a “neutral” rating to an “overweight” rating in a report on Tuesday, March 1st. Finally, Royal Bank of Canada raised ITM Power from a “sector perform” rating to an “outperform” rating and set a $500.00 price target for the company in a report on Wednesday, April 13th.
ITM Power stock opened at $4.58 on Friday. ITM Power has a one year low of $2.96 and a one year high of $7.49. The business has a fifty day moving average price of $4.34 and a 200-day moving average price of $5.04.
ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, transportation, and industrial sectors in the United Kingdom, Germany, rest of Europe, and the United States. It offers HGas for power-to-gas, clean fuel, and industrial hydrogen applications. The company is also involved in the development and manufacture of prototype products; and sale of electrolysis equipment and hydrogen storage solutions.
- Get a free copy of the StockNews.com research report on ITM Power (ITMPF)
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