ITM Power Plc (LON:ITM) Insider Simon Bourne Acquires 792 Shares

ITM Power Plc (LON:ITM) insider Simon Bourne purchased 792 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost of GBX 38 ($0.46) per share, for a total transaction of £300.96 ($366.18).

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 bought at an average cost of GBX 37 ($0.45) per share, with a total value of £150.96 ($183.67).
• On Friday, November 15th, Simon Bourne bought 405 shares of ITM Power stock. The shares were bought at an average cost of GBX 37 ($0.45) per share, for a total transaction of £149.85 ($182.32).
• On Wednesday, October 30th, Simon Bourne purchased 60,126 shares of ITM Power stock. The stock was bought at an average cost of GBX 42 ($0.51) per share, with a total value of £25,252.92 ($30,725.05).

ITM Power Price Performance

Shares of LON:ITM opened at GBX 36.42 ($0.44) on Friday. The company has a market capitalization of £224.59 million, a P/E ratio of -910.50 and a beta of 2.03. The company’s 50-day moving average is GBX 35.93 and its 200 day moving average is GBX 44.79. 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 ($0.39) and a fifty-two week high of GBX 71.80 ($0.87).

Analysts Set New Price Targets

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

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.