ITM Power (LON: ITM)Citigroup’s stock has had its “buy” rating reissued by Citigroup research analysts in a research report released Friday to customers and investors, reports the analyst rating network. They currently have a GBX 550 ($ 7.27) price target on the stock. Citigroup’s target price would suggest a potential rise of 49.89% from the stock’s previous close.
Other equity research analysts have also recently published reports on the company. Berenberg Bank cut ITM Power to a “sell” note and cut its price target for the company from 400 GBX ($ 5.29) to 350 GBX ($ 4.63) in a research report released on Monday the 13th. September. Barclays reissued an “overweight” rating and issued a GBX 600 ($ 7.93) price target on ITM Power shares in a research report Thursday. Liberum Capital reissued a “buy” note and issued an objective GBX 691 ($ 9.13) price on ITM Power shares in a research report Thursday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on ITM Power shares in a research report on Friday, October 15. One research analyst rated the stock with a sell rating, two assigned a conservation rating, and five issued a buy rating for the company’s stock. According to MarketBeat, the company has an average “Buy” rating and a consensus price target of GBX 550.13 ($ 7.27).
ITM opened at GBX 366.94 ($ 4.85) on Friday. ITM Power has a one year minimum of GBX 307.06 ($ 4.06) and a one year maximum of GBX 724 ($ 9.57). The company has a current ratio of 8.11, a quick ratio of 7.56, and a debt ratio of 3.29. The stock has a market capitalization of £ 2.25 billion and a price-to-earnings ratio of -66.40. The company has a 50-day moving average of GBX 442.93 and a 200-day moving average of GBX 427.18.
ITM Power Company Profile
ITM Power Plc designs, manufactures and sells hydrogen power systems for energy storage, transportation and industrial sectors in the UK, Germany, France, Italy, the Netherlands and the US United. It offers HGa gas for gas conversion, clean fuel and industrial hydrogen applications. The company is also involved in the research and development of scientific and engineering projects; development and manufacture of prototype products; and the sale of electrolysis equipment and hydrogen storage solutions.
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