Insider Buying: ITM Power Plc (LON:ITM) Insider Purchases 792 Shares of Stock

ITM Power Plc (LON:ITM) insider Simon Bourne purchased 792 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of GBX 38 ($0.46) per share, with a total value of £300.96 ($368.24).

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

• On Friday, December 13th, Simon Bourne purchased 408 shares of ITM Power stock. The shares were bought at an average price of GBX 37 ($0.45) per share, for a total transaction of £150.96 ($184.71).
• On Friday, November 15th, Simon Bourne bought 405 shares of ITM Power stock. The shares were purchased at an average cost of GBX 37 ($0.45) per share, for a total transaction of £149.85 ($183.35).
• On Wednesday, October 30th, Simon Bourne purchased 60,126 shares of ITM Power stock. The stock was purchased at an average cost of GBX 42 ($0.51) per share, for a total transaction of £25,252.92 ($30,897.98).

ITM Power Trading Up 0.4 %

Shares of LON:ITM traded up GBX 0.14 ($0.00) during midday trading on Friday, hitting GBX 35.62 ($0.44). 577,763 shares of the stock traded hands, compared to its average volume of 2,776,918. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of £219.66 million, a PE ratio of -890.50 and a beta of 2.03. ITM Power Plc has a one year low of GBX 32.20 ($0.39) and a one year high of GBX 71.80 ($0.88). The business’s 50 day moving average is GBX 36 and its two-hundred day moving average is GBX 44.86.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 60 ($0.73) price objective on shares of ITM Power in a research report on Friday, December 6th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 59 ($0.72) price objective on shares of ITM Power in a report on Thursday, December 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 70 ($0.86) target price on shares of ITM Power in a research note on Friday, December 6th.

ITM Power Company Profile

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.