ITM Power’s (ITM) Buy Rating Reiterated at Peel Hunt

Peel Hunt reiterated their buy rating on shares of ITM Power (LON:ITM – Get Rating) in a research note released on Tuesday, MarketBeat reports. They currently have a GBX 200 ($2.44) price target on the stock.

ITM has been the subject of several other reports. Royal Bank of Canada reissued an outperform rating and set a GBX 260 ($3.17) price objective on shares of ITM Power in a research note on Wednesday, February 1st. Berenberg Bank reissued a sell rating and set a GBX 100 ($1.22) price objective on shares of ITM Power in a research note on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, ITM Power presently has an average rating of Moderate Buy and an average price target of GBX 333.33 ($4.06).

ITM Power Trading Up 6.3 %

Shares of ITM opened at GBX 85.60 ($1.04) on Tuesday. ITM Power has a fifty-two week low of GBX 66.02 ($0.80) and a fifty-two week high of GBX 404 ($4.92). The stock has a fifty day moving average of GBX 97.82 and a two-hundred day moving average of GBX 104.81. The company has a market capitalization of £527.43 million, a PE ratio of -611.43 and a beta of 1.91. The company has a debt-to-equity ratio of 2.07, a quick ratio of 7.56 and a current ratio of 5.66.

About ITM Power

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ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, transportation, and industrial sectors in the United Kingdom, Germany, Australia, rest of Europe, and the United States. It offers HGas1SP, HGas3SP, 3MEP CUBE, and 2GEP Skid. The company is also involved in the development and manufacture of prototype products; and sale of electrolysis equipment, automotive fuel, hydrogen, electrolyser solutions, and hydrogen storage solutions.