Simon Bourne Purchases 792 Shares of ITM Power Plc (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Simon Bourne bought 792 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of GBX 38 ($0.46) per share, for a total transaction of £300.96 ($366.04).

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

• On Friday, December 13th, Simon Bourne acquired 408 shares of ITM Power stock. The stock was purchased at an average cost of GBX 37 ($0.45) per share, with a total value of £150.96 ($183.60).
• On Friday, November 15th, Simon Bourne bought 405 shares of ITM Power stock. The stock was acquired at an average cost of GBX 37 ($0.45) per share, with a total value of £149.85 ($182.25).
• On Wednesday, October 30th, Simon Bourne bought 60,126 shares of ITM Power stock. The shares were acquired at an average price of GBX 42 ($0.51) per share, with a total value of £25,252.92 ($30,713.84).

ITM Power Stock Up 2.6 %

Shares of LON:ITM opened at GBX 36.42 ($0.44) on Monday. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The company has a market capitalization of £224.59 million, a PE ratio of -910.50 and a beta of 2.03. ITM Power Plc has a 1 year low of GBX 32.20 ($0.39) and a 1 year high of GBX 71.80 ($0.87). The business has a fifty day moving average price of GBX 35.93 and a two-hundred day moving average price of GBX 44.74.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a GBX 70 ($0.85) price target on shares of ITM Power in a research report on Friday, December 6th. Berenberg Bank reissued a “hold” rating and issued a GBX 59 ($0.72) price target on shares of ITM Power in a research note on Thursday, December 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 60 ($0.73) target price on shares of ITM Power in a research report on Friday, December 6th.

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.