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

Berenberg Bank reiterated their buy rating on shares of Ceres Power (LON:CWR) in a research note published on Monday, Marketbeat Ratings reports. The brokerage currently has a GBX 800 ($9.96) target price on the stock.

Ceres Power Price Performance

LON:CWR opened at GBX 132.50 ($1.65) on Monday. The firm has a market cap of £255.75 million, a price-to-earnings ratio of -509.62 and a beta of 1.53. The company has a current ratio of 8.24, a quick ratio of 12.18 and a debt-to-equity ratio of 1.37. The company’s 50-day moving average is GBX 154.35 and its two-hundred day moving average is GBX 186.10. Ceres Power has a 12-month low of GBX 126.40 ($1.57) and a 12-month high of GBX 444.80 ($5.54).

Insider Transactions at Ceres Power

In related news, insider Warren Finegold acquired 20,052 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of GBX 225 ($2.80) per share, for a total transaction of £45,117 ($56,164.57). In other news, insider Karen Bomba acquired 12,121 shares of the stock in a transaction on Monday, January 29th. The stock was bought at an average price of GBX 231 ($2.88) per share, with a total value of £27,999.51 ($34,855.61). Also, insider Warren Finegold acquired 20,052 shares of the stock in a transaction on Thursday, February 1st. The stock was purchased at an average cost of GBX 225 ($2.80) per share, with a total value of £45,117 ($56,164.57). Insiders own 39.65% of the company’s stock.

Ceres Power Company Profile

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.