ITM Power (LON:ITM) Given Neutral Rating at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. reissued a "neutral" rating for ITM Power's stock, indicating a stable outlook in a recent research report.
• Berenberg Bank also maintained a "hold" rating, setting a price objective of GBX 59 ($0.79) for ITM Power's shares.
• ITM Power's stock rose by 3.1%, closing at GBX 66.10 ($0.89), with a 52-week range between GBX 25.08 ($0.34) and GBX 98.45 ($1.32).

ITM Power (LON:ITM - Get Free Report)'s stock had its "neutral" rating reissued by JPMorgan Chase & Co. in a research report issued on Monday,London Stock Exchange reports.

Separately, Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.79) price objective on shares of ITM Power in a report on Thursday, May 8th.

ITM Power Stock Up 3.1%

Shares of LON:ITM opened at GBX 66.10 ($0.89) on Monday. ITM Power has a fifty-two week low of GBX 25.08 ($0.34) and a fifty-two week high of GBX 98.45 ($1.32). The firm's 50 day moving average price is GBX 71.37 and its 200 day moving average price is GBX 45.70. 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 stock has a market cap of £411.91 million, a price-to-earnings ratio of -15.12 and a beta of 2.03.

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.

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