Stock analysts at Berenberg Bank began coverage on shares of Ceres Power Holdings plc (LON:CWR) in a research report issued to clients and investors on Friday. The firm set a “buy” rating and a GBX 15 ($0.19) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 30.43% from the stock’s previous close.

Shares of Ceres Power Holdings plc (LON:CWR) traded up 4.55% on Friday, reaching GBX 11.50. 48,645 shares of the company were exchanged. The stock has a 50 day moving average price of GBX 10.05 and a 200-day moving average price of GBX 8.76. The stock’s market capitalization is GBX 115.92 million. Ceres Power Holdings plc has a 12 month low of GBX 6.79 and a 12 month high of GBX 13.25.

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Ceres Power Holdings plc Company Profile

Ceres Power Holdings PLC is a United Kingdom-based company, which is a fuel cell technology and engineering company. The Company is engaged in the development and commercialization of its fuel cell technology. The SteelCell, operating at a temperature between 500 and 600 degree Celsius, is a perforated sheet of steel with a special ceramic layer that converts fuel directly into electrical power.

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