Ceres Power’s (CWR) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Ceres Power (LON:CWR – Get Rating) in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has a GBX 1,560 ($19.31) price objective on the stock.

Ceres Power Trading Up 7.6 %

Shares of CWR stock opened at GBX 416.40 ($5.16) on Tuesday. The company’s fifty day simple moving average is GBX 371.75 and its two-hundred day simple moving average is GBX 450.39. The company has a debt-to-equity ratio of 1.01, a current ratio of 12.62 and a quick ratio of 12.18. Ceres Power has a 1 year low of GBX 296 ($3.66) and a 1 year high of GBX 843.20 ($10.44). The stock has a market capitalization of £799.85 million and a price-to-earnings ratio of -36.21.

Ceres Power Company Profile

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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.