Signal price

The Itm Power share price

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Trade recommendations from company analysts can provide insight into what experts think the future holds. Their ‘buy’, ‘hold’ and ‘sell’ ratings reflect their views on the likely future performance of the stocks they are covering – and how stock prices will move accordingly.

For investors, these types of “smart money” signals can be a useful consideration when deciding whether to buy or sell a stock…

To take Power Itm (LON:ITM) for example. Shares in the company have risen 6.43% over the past month and are currently trading at 369.3 pence. But what do the analysts who cover the company think?

Based on the “consensus” of brokers, there may be reason to believe that the recent positive trend will continue. In terms of business recommendations, Itm Power currently has:

  • 5 To buy recommendations
  • 4 Hold recommendations
  • 0 To sell recommendations

This suggests that analysts are generally optimistic on the outlook.

At its current price of 369.3p, Itm Power shares are trading at a -32.0% discount to its 52-week high. The 1-year performance of the share was -19.6%.

Get insights based on data in LON:ITM

While analyst forecasts can be a useful guide to what City ‘experts’ think of a stock’s short-term future, they can be unreliable. To get a better idea of ​​Itm Power’s strengths and weaknesses, it’s worth doing a survey for yourself. Indeed, we have identified some areas of concern with Itm Power which you can find out here.

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