Ceres Power (LON:CWR) Given “Buy” Rating at Jefferies Financial Group

Ceres Power (LON:CWR)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 460 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 29.91% from the stock’s previous close.

Ceres Power Price Performance

Shares of Ceres Power stock traded down GBX 22.91 on Friday, hitting GBX 354.09. The company’s stock had a trading volume of 6,372,293 shares, compared to its average volume of 2,020,353. Ceres Power has a 1 year low of GBX 44 and a 1 year high of GBX 409.60. The firm has a fifty day moving average price of GBX 187.36 and a 200-day moving average price of GBX 123.07. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The company has a market capitalization of £688.41 million, a price-to-earnings ratio of -19.40 and a beta of 1.60.

Ceres Power (LON:CWR) last posted its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. As a group, sell-side analysts anticipate that Ceres Power will post -12.4426979 earnings per share for the current fiscal year.

Ceres Power Company Profile

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel
cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres’ solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.