According to Bloomberg.com, the nine research firms that keep an eye on ITM Power Plc (OTCMKTS: ITMPF) have collectively assigned a rating of “Hold” to the company’s shares of Stock.
The stock is advised to be held by four other professionals, despite receiving buy recommendations from two financial experts, sell recommendations from two equity research analysts, and hold advice from two additional professionals.
According to brokerages that updated their stock coverage the previous year, the average one-year price objective for the stock is $365.00.
This is according to the previous year’s brokerages that covered the stock.
Recent months have seen several research companies publish their findings and thoughts about the ITMPF.
ITM Power was not given a “buy” rating in the research study that was conducted by HSBC and made available to the general public by that financial institution on Friday, October 28th.
Instead, the company was given a “hold” rating. JPMorgan Chase & Co stated in a research study that was made public on January 23rd that the price at which they expect ITM Power to reach their target price has decreased from GBX 280 ($3.37) to GBX 230 ($2.76). JPMorgan Chase & Co’s research study was made public on January 23rd. Citigroup previously recommended ITM Power with a “buy” rating; however, in a research report published on November 8th, the recommendation was changed to a “neutral” rating. Sanford C.
Bernstein downgraded their recommendation for ITM Power from “outperform” to “market perform” in a research study that was made public on November 2nd.
In a research report made available to the public on November 15th, Jefferies Financial Group recommended that ITM Power should “hold” rather than “buy,” which was the previous recommendation given to ITM Power.
Thursday marked the beginning of trading for ITMPF shares, and the opening price per share was $1.43.
ITM Power reached its all-time high of $5.71 in the past year, while its all-time low was $0.84.
The stock price has been trading at a moving average of $1.17 over the past 50 trading days, while the price has been trading at an average of $1.48 over the past 200 trading days.
ITM Power Plc is a provider of several products associated with hydrogen energy.
The design of hydrogen energy systems, the development of such systems, and the marketing of such systems for energy storage and the production of clean fuel are all activities the company engages in as part of its business operations.
It also offers construction, consulting, and maintenance services in addition to those previously mentioned. Jonathan A. was the first person to establish the company in its current form.
The post Brokerages have given ITM Power Plc (OTCMKTS:ITMPF) an average recommendation of “Hold.” appeared first on Best Stocks.
