ITM Power (LON:ITM) Insider Simon Bourne Acquires 203 Shares

by · The Cerbat Gem

ITM Power Plc (LON:ITM – Get Free Report) insider Simon Bourne purchased 203 shares of the business’s stock in a transaction on Friday, November 14th. The shares were acquired at an average price of GBX 74 per share, for a total transaction of £150.22.

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

  • On Wednesday, October 15th, Simon Bourne bought 177 shares of ITM Power stock. The stock was purchased at an average price of GBX 85 per share, with a total value of £150.45.
  • On Monday, September 15th, Simon Bourne bought 235 shares of ITM Power stock. The stock was acquired at an average price of GBX 64 per share, with a total value of £150.40.

ITM Power Price Performance

Shares of ITM traded down GBX 1.59 during midday trading on Monday, hitting GBX 75.81. 556,174 shares of the company traded hands, compared to its average volume of 4,171,982. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. ITM Power Plc has a one year low of GBX 25.08 and a one year high of GBX 98.45. The firm has a market cap of £467.12 million, a P/E ratio of -10.24 and a beta of 2.03. The stock has a 50-day moving average of GBX 76.67 and a 200-day moving average of GBX 69.19.

ITM Power (LON:ITM – Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported GBX (7.40) earnings per share (EPS) for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. As a group, sell-side analysts predict that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ITM. Berenberg Bank reiterated a “buy” rating and set a GBX 100 target price on shares of ITM Power in a report on Thursday, August 14th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ITM Power in a research note on Monday, July 28th. Finally, Jefferies Financial Group upped their price target on shares of ITM Power from GBX 60 to GBX 115 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 95.

View Our Latest Stock Report on ITM

ITM Power Company Profile

(Get Free Report)

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.

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