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

Berenberg Bank reiterated their buy rating on shares of Ceres Power (LON:CWR – Get Rating) in a research note published on Thursday, Marketbeat reports. They currently have a GBX 1,560 ($19.01) price objective on the stock.

Separately, Peel Hunt reaffirmed a buy rating and issued a GBX 650 ($7.92) price objective on shares of Ceres Power in a research report on Tuesday, February 21st.

Ceres Power Trading Down 5.8 %

CWR opened at GBX 378.40 ($4.61) on Thursday. The stock has a market capitalization of £727.63 million, a P/E ratio of -1,892.00 and a beta of 1.52. Ceres Power has a 12 month low of GBX 296 ($3.61) and a 12 month high of GBX 843.20 ($10.28). The firm’s fifty day simple moving average is GBX 429.94 and its 200 day simple moving average is GBX 407.45. The company has a current ratio of 12.62, a quick ratio of 12.18 and a debt-to-equity ratio of 1.01.

About Ceres Power

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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.