Ceres Power (LON:CWR) Receives “Buy” Rating from Berenberg Bank

Ceres Power (LON:CWRGet Rating)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a report released on Thursday, MarketBeat.com reports. They currently have a GBX 1,560 ($18.85) price objective on the stock. Berenberg Bank’s target price points to a potential upside of 311.64% from the stock’s current price.

Separately, Citigroup reaffirmed a “buy” rating and issued a GBX 1,500 ($18.12) price objective on shares of Ceres Power in a research note on Monday, June 20th.

Ceres Power Stock Down 5.3 %

Shares of LON:CWR opened at GBX 378.97 ($4.58) on Thursday. The firm has a market cap of ¬£732.19 million and a price-to-earnings ratio of -33.08. Ceres Power has a 12-month low of GBX 376.70 ($4.55) and a 12-month high of GBX 1,283.93 ($15.51). The company has a current ratio of 17.45, a quick ratio of 17.11 and a debt-to-equity ratio of 1.08. The stock’s 50-day moving average price is GBX 597.38 and its two-hundred day moving average price is GBX 644.82.

About Ceres Power

(Get Rating)

Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. The company offers SteelCell, a solid oxide fuel cell that generates power from conventional and sustainable fuels, such as natural gas, biogas, ethanol, and hydrogen.

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