ITM Power (LON:ITM - Get Free Report) was upgraded by research analysts at Berenberg Bank to a "buy" rating in a research report issued on Friday, August 1st, MarketBeat.com reports. The firm presently has a GBX 100 ($1.34) price target on the stock, up from their prior price target of GBX 59 ($0.79). Berenberg Bank's target price would indicate a potential upside of 54.80% from the stock's current price.
Separately, JPMorgan Chase & Co. restated a "neutral" rating on shares of ITM Power in a research note on Monday, July 28th.
Get Our Latest Research Report on ITM Power
ITM Power Stock Down 2.4%
LON ITM traded down GBX 1.60 ($0.02) during mid-day trading on Friday, reaching GBX 64.60 ($0.87). 2,601,840 shares of the company's stock traded hands, compared to its average volume of 4,588,617. ITM Power has a 1-year low of GBX 25.08 ($0.34) and a 1-year high of GBX 98.45 ($1.32). The company has a fifty day simple moving average of GBX 74.20 and a 200-day simple moving average of GBX 47.22. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The company has a market cap of £402.56 million, a price-to-earnings ratio of -14.78 and a beta of 2.03.
ITM Power Company Profile
(
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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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