ITM Power (LON:ITM - Get Free Report) had its price objective upped by stock analysts at Jefferies Financial Group from GBX 60 to GBX 115 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price target would suggest a potential upside of 50.33% from the stock's current price.
A number of other equities research analysts have also recently weighed in on ITM. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of ITM Power in a research note on Monday, July 28th. Berenberg Bank restated a "buy" rating and issued a GBX 100 price objective on shares of ITM Power in a research note on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 95.
Get Our Latest Stock Analysis on ITM Power
ITM Power Stock Up 4.5%
ITM stock opened at GBX 76.50 on Wednesday. The stock has a market cap of £471.37 million, a P/E ratio of -1,033.78 and a beta of 2.03. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. ITM Power has a twelve month low of GBX 25.08 and a twelve month high of GBX 98.45. The company's 50 day moving average is GBX 66.78 and its two-hundred day moving average is GBX 56.69.
ITM Power (LON:ITM - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported GBX (7.40) EPS for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. Research analysts expect that ITM Power will post -8.9214682 earnings per share for the current fiscal year.
About ITM Power
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ITM Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITM Power wasn't on the list.
While ITM Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here

We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.