Ceres Power’s (CWR) “Buy” Rating Reaffirmed at Berenberg Bank
Ceres Power (LON:CWR)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report issued on Monday. They currently have a GBX 15 ($0.20) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 14.29% from the stock’s previous close.
Ceres Power (LON:CWR) traded up GBX 0.12 ($0.00) on Monday, reaching GBX 13.13 ($0.18). 47,204 shares of the company’s stock were exchanged, compared to its average volume of 254,565. Ceres Power has a 52-week low of GBX 6.79 ($0.09) and a 52-week high of GBX 14.50 ($0.20).
Ceres Power (LON:CWR) last posted its earnings results on Wednesday, October 4th. The company reported GBX (1) (($0.01)) earnings per share for the quarter, hitting the Zacks’ consensus estimate of GBX (1) (($0.01)). Ceres Power had a negative net margin of 202.58% and a negative return on equity of 38.05%. The firm had revenue of GBX 312 million for the quarter.
Ceres Power 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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