ITM Power Plc (LON:ITM) receives consensus ‘moderate buy’ rating from brokerages

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ITM Power Plc (LON:ITM – Get Rating) has been given a consensus rating of “moderate buy” by the eight analysts who cover the stock, Marketbeat reports. One research analyst rated the stock with a sell recommendation, one issued a hold recommendation and five issued a buy recommendation on the company. The average 1-year target price among analysts who updated their coverage on the stock in the past year is 480.86 GBX ($5.89).

A number of research companies have weighed in on ITM. JPMorgan Chase & Co. reiterated an “overweight” rating on ITM Power shares in a Tuesday, July 19 report. Barclays restated an “overweight” rating and published a GBX 600 ($7.35) price target on ITM Power shares in a research note on Friday May 6. Berenberg Bank cut its price target on ITM Power from GBX 225 ($2.76) to GBX 185 ($2.27) and set a “sell” rating on the stock in a Monday research note June 20. Sanford C. Bernstein set a GBX 370 ($4.53) price target on ITM Power in a Wednesday, May 18 research note. Finally, Royal Bank of Canada upgraded ITM Power to an “outperform” rating and raised its price target for the stock from GBX 300 ($3.68) to GBX 500 ($6.13) in a note. research on Wednesday, April 13.

ITM food inventory up 4.1%

ITM stock opened Friday at 217.40 GBX ($2.66). ITM Power has a fifty-two week minimum of 165.45 GBX ($2.03) and a fifty-two week maximum of 536.15 GBX ($6.57). The company’s 50-day rolling average price is 213.77 GBX and its two-hundred-day rolling average price is 278.80 GBX. The company has a debt ratio of 3.59, a quick ratio of 5.59 and a current ratio of 5.94. The company has a market capitalization of £1.33 billion and a price-earnings ratio of -38.14.

ITM Power Company Profile

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ITM Power Plc designs, manufactures and sells hydrogen power systems for the energy storage, transport and industrial sectors in the UK, Germany, the rest of Europe and the USA. It offers HG gases for power-to-gas, clean fuel and industrial hydrogen applications. The company is also involved in the development and manufacture of prototype products; and the sale of electrolysis equipment and hydrogen storage solutions.

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Analyst Recommendations for ITM Power (LON:ITM)

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