ITM Power (LON:ITM) Insider Dennis Schulz Acquires 466 Shares of Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz acquired 466 shares of ITM Power stock in a transaction on Tuesday, December 16th. The shares were bought at an average cost of GBX 64 per share, with a total value of £298.24.

Dennis Schulz also recently made the following trade(s):

• On Friday, November 14th, Dennis Schulz acquired 203 shares of ITM Power stock. The stock was acquired at an average price of GBX 74 per share, with a total value of £150.22.
• On Wednesday, October 15th, Dennis Schulz bought 177 shares of ITM Power stock. The stock was bought at an average cost of GBX 85 per share, with a total value of £150.45.

ITM Power Stock Down 0.5%

ITM Power stock opened at GBX 62.97 on Thursday. ITM Power Plc has a fifty-two week low of GBX 25.08 and a fifty-two week high of GBX 98.45. The firm has a market capitalization of £387.98 million, a price-to-earnings ratio of -8.51 and a beta of 2.03. The stock’s fifty day moving average is GBX 75.41 and its two-hundred day moving average is GBX 73.40. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group lifted their target price on shares of ITM Power from GBX 60 to GBX 115 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Berenberg Bank reissued a “buy” rating and issued a GBX 100 price target on shares of ITM Power in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, ITM Power presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 107.50.

About ITM Power

ITM Power was founded in 2000, and ITM Power PLC was admitted to the London Stock Exchange’s AIM market in 2004.

Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.