Ceres Power (CWR) Rating Reiterated by Berenberg Bank
Ceres Power (LON:CWR)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research report issued on Monday. They currently have a GBX 15 ($0.20) price target on the stock. Berenberg Bank’s target price suggests a potential upside of 14.29% from the company’s previous close.
Shares of Ceres Power (LON:CWR) traded up GBX 0.12 ($0.00) during midday trading on Monday, reaching GBX 13.13 ($0.18). The company’s stock had a trading volume of 47,204 shares, compared to its average volume of 254,565. Ceres Power has a 1-year low of GBX 6.79 ($0.09) and a 1-year high of GBX 14.50 ($0.20).
Ceres Power (LON:CWR) last announced its quarterly earnings data on Wednesday, October 4th. The company reported GBX (1) (($0.01)) earnings per share for the quarter, meeting the consensus estimate of GBX (1) (($0.01)). Ceres Power had a negative return on equity of 38.05% and a negative net margin of 202.58%. The business had revenue of GBX 312 million during the quarter.
About Ceres Power
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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