Berenberg Bank Reiterates Buy Rating for Ceres Power (LON:CWR)

Ceres Power (LON:CWR - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 650 ($8.09) price target on the stock. Berenberg Bank's target price would suggest a potential upside of 366.31% from the stock's current price.

Ceres Power Stock Down 0.2 %

Shares of Ceres Power stock traded down GBX 0.31 ($0.00) during trading on Wednesday, reaching GBX 139.39 ($1.73). The stock had a trading volume of 8,353,926 shares, compared to its average volume of 1,568,277. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The company has a market capitalization of £269.81 million, a price-to-earnings ratio of -663.77 and a beta of 1.60. Ceres Power has a 52 week low of GBX 126.40 ($1.57) and a 52 week high of GBX 312 ($3.88). The stock has a fifty day moving average price of GBX 166.74 and a two-hundred day moving average price of GBX 193.05.

Insider Activity

In related news, insider Dame Julia King bought 30,200 shares of the company's stock in a transaction that occurred on Thursday, November 28th. The shares were acquired at an average price of GBX 165 ($2.05) per share, for a total transaction of £49,830 ($62,000.75). 40.29% of the stock is owned by corporate insiders.

About Ceres Power

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres' solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.

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