Berenberg Bank Reiterates Buy Rating for Ceres Power (LON:CWR)

Berenberg Bank reaffirmed their buy rating on shares of Ceres Power (LON:CWR – Get Rating) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a GBX 1,560 ($19.01) price target on the stock.

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

Ceres Power Price Performance

Shares of LON:CWR opened at GBX 378.40 ($4.61) on Thursday. The company has a market cap of £727.63 million, a price-to-earnings ratio of -1,892.00 and a beta of 1.52. 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 50 day simple moving average of GBX 429.94 and a 200 day simple moving average of GBX 407.45. Ceres Power has a one year low of GBX 296 ($3.61) and a one year high of GBX 843.20 ($10.28).

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.