ITM Power (LON:ITM) Insider Simon Bourne Acquires 466 Shares

ITM Power Plc (LON:ITM) insider Simon Bourne bought 466 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average price of GBX 64 per share, with a total value of £298.24.

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

• On Friday, November 14th, Simon Bourne bought 203 shares of ITM Power stock. The shares were bought at an average price of GBX 74 per share, for a total transaction of £150.22.
• On Wednesday, October 15th, Simon Bourne acquired 177 shares of ITM Power stock. The shares were bought at an average cost of GBX 85 per share, for a total transaction of £150.45.

ITM Power Price Performance

ITM stock opened at GBX 62.97 on Thursday. The firm has a 50 day moving average of GBX 75.41 and a 200-day moving average of GBX 73.40. The firm has a market capitalization of £387.98 million, a P/E ratio of -8.51 and a beta of 2.03. 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 25.08 and a 12 month high of GBX 98.45.

Analyst Upgrades and Downgrades

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