ITM Power (LON:ITM) Price Target Raised to GBX 110 at Berenberg Bank

Key Points

• Berenberg Bank raised its price target on ITM Power to GBX 110 (from GBX 100) and kept a buy rating, implying roughly a 19.9% upside from the prior close.
• Analyst views are mixed—UBS maintains a neutral rating with a GBX 60 target, while consensus is a Moderate Buy with an average target of GBX 95 (two buys, two holds).
• The stock trades around GBX 91.75 near its 12‑month high, but the company remains unprofitable with negative EPS, negative ROE and a negative net margin, reflecting ongoing financial risks.

ITM Power (LON:ITM - Get Free Report) had its price objective lifted by investment analysts at Berenberg Bank from GBX 100 to GBX 110 in a research report issued on Tuesday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price objective indicates a potential upside of 19.89% from the stock's previous close.

Separately, UBS Group reiterated a "neutral" rating and set a GBX 60 price target on shares of ITM Power in a report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 95.

ITM Power Stock Performance

Shares of ITM Power stock opened at GBX 91.75 on Tuesday. The business's fifty day simple moving average is GBX 63.79 and its 200 day simple moving average is GBX 69.09. The firm has a market capitalization of £565.33 million, a P/E ratio of -18.35 and a beta of 2.03. ITM Power has a 12 month low of GBX 27.25 and a 12 month high of GBX 98.45. The company has a current ratio of 2.62, a quick ratio of 7.56 and a debt-to-equity ratio of 6.99.

ITM Power (LON:ITM - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The company reported GBX (2.30) EPS for the quarter. ITM Power had a negative return on equity of 14.17% and a negative net margin of 108.00%. As a group, analysts anticipate that ITM Power will post -8.9214682 EPS for the current year.

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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