Simon Bourne Purchases 408 Shares of ITM Power Plc (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Simon Bourne purchased 408 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of GBX 37 ($0.47) per share, for a total transaction of £150.96 ($191.91).

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

• On Friday, November 15th, Simon Bourne acquired 405 shares of ITM Power stock. The shares were purchased at an average price of GBX 37 ($0.47) per share, for a total transaction of £149.85 ($190.50).
• On Wednesday, October 30th, Simon Bourne bought 60,126 shares of ITM Power stock. The stock was purchased at an average cost of GBX 42 ($0.53) per share, with a total value of £25,252.92 ($32,103.89).

ITM Power Trading Down 0.9 %

Shares of ITM Power stock opened at GBX 33.16 ($0.42) on Wednesday. ITM Power Plc has a twelve month low of GBX 32.20 ($0.41) and a twelve month high of GBX 71.80 ($0.91). 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 business has a 50-day moving average price of GBX 38.74 and a 200-day moving average price of GBX 47.32. The firm has a market cap of £204.49 million, a price-to-earnings ratio of -829.00 and a beta of 2.03.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ITM. Royal Bank of Canada restated an “outperform” rating and issued a GBX 70 ($0.89) price objective on shares of ITM Power in a research report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 60 ($0.76) price target on shares of ITM Power in a report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 59 ($0.75) price objective on shares of ITM Power in a report on Thursday, December 5th.

About ITM Power

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. The company’s product portfolio comprises TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a 20 MW electrolysis process module for large-scale projects.