ITM Power (LON:ITM) Insider Dennis Schulz Acquires 134 Shares of Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz acquired 134 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The stock was purchased at an average price of GBX 112 per share, with a total value of £150.08.

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

• On Friday, May 15th, Dennis Schulz bought 92 shares of ITM Power stock. The shares were acquired at an average price of GBX 162 per share, for a total transaction of £149.04.

ITM Power Stock Down 1.6%

ITM stock opened at GBX 103.10 on Friday. The stock has a market capitalization of £711.60 million, a P/E ratio of -20.62 and a beta of 2.89. The company has a debt-to-equity ratio of 6.99, a current ratio of 2.62 and a quick ratio of 7.56. ITM Power Plc has a 1-year low of GBX 56.80 and a 1-year high of GBX 219.80. The business has a fifty day moving average price of GBX 141.57 and a 200-day moving average price of GBX 100.22.

Analyst Ratings Changes

Several research firms have recently weighed in on ITM. Berenberg Bank boosted their price objective on shares of ITM Power from GBX 100 to GBX 110 and gave the company a “buy” rating in a report on Tuesday, April 14th. Jefferies Financial Group upgraded shares of ITM Power to a “buy” rating and raised 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 issued a Hold rating to the company. According to MarketBeat.com, ITM Power presently has an average rating of “Moderate Buy” and an average price target of GBX 6,723.33.

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.