ITM Power Plc (LON:ITM) Insider Simon Bourne Acquires 408 Shares

ITM Power Plc (LON:ITM) insider Simon Bourne bought 408 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of GBX 37 ($0.47) per share, with a total value of £150.96 ($191.52).

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 bought at an average price of GBX 37 ($0.47) per share, with a total value of £149.85 ($190.12).
• 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, for a total transaction of £25,252.92 ($32,038.72).

ITM Power Stock Performance

LON ITM opened at GBX 33.46 ($0.42) on Tuesday. The firm has a market capitalization of £206.34 million, a P/E ratio of -836.50 and a beta of 2.03. The stock has a 50-day simple moving average of GBX 39.04 and a two-hundred day simple moving average of GBX 47.53. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. ITM Power Plc has a fifty-two week low of GBX 32.20 ($0.41) and a fifty-two week high of GBX 71.80 ($0.91).

Analyst Upgrades and Downgrades

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

ITM Power Company Profile

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.