ITM Power (LON:ITM) Insider Dennis Schulz Purchases 134 Shares

ITM Power Plc (LON:ITMGet Free Report) insider Dennis Schulz bought 134 shares of ITM Power stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average cost of GBX 112 per share, for a total transaction of £150.08.

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

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

ITM Power Trading Down 4.2%

ITM opened at GBX 100.40 on Friday. The firm has a 50 day simple moving average of GBX 142.95 and a 200 day simple moving average of GBX 100.20. ITM Power Plc has a fifty-two week low of GBX 56.80 and a fifty-two week high of GBX 219.80. The company has a market cap of £692.96 million, a price-to-earnings ratio of -20.08 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.

Wall Street Analysts Forecast Growth

ITM has been the topic of a number of analyst reports. Berenberg Bank increased their price target on ITM Power from GBX 100 to GBX 110 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Jefferies Financial Group raised ITM Power to a “buy” rating and lifted their price objective for the stock from £115 to £200 in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 6,723.33.

Get Our Latest Research Report on ITM Power

About ITM Power

(Get Free Report)

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.

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