Ceres Power’s (CWR) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Ceres Power (LON:CWRGet Rating) in a research report report published on Tuesday, Digital Look reports. Peel Hunt currently has a GBX 650 ($8.05) price target on the stock.

Separately, Berenberg Bank reissued a buy rating and set a GBX 1,560 ($19.31) price target on shares of Ceres Power in a research report on Tuesday.

Ceres Power Trading Up 7.6 %

Shares of CWR stock opened at GBX 416.40 ($5.16) on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 12.62 and a quick ratio of 12.18. The firm has a market cap of £799.85 million and a PE ratio of -36.21. The company has a 50-day moving average of GBX 371.75 and a two-hundred day moving average of GBX 450.39. Ceres Power has a 1-year low of GBX 296 ($3.66) and a 1-year high of GBX 843.20 ($10.44).

Ceres Power Company Profile

(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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