Ceres Power (LON:CWR) Receives “Buy” Rating from Berenberg Bank

Ceres Power (LON:CWRGet Rating)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 1,560 ($18.85) target price on the stock. Berenberg Bank’s price target points to a potential upside of 311.64% from the company’s previous close.

Separately, Citigroup reiterated a “buy” rating and issued a GBX 1,500 ($18.12) price objective on shares of Ceres Power in a research report on Monday, June 20th.

Ceres Power Trading Down 5.3 %

LON:CWR opened at GBX 378.97 ($4.58) on Thursday. The stock has a fifty day moving average price of GBX 597.38 and a two-hundred day moving average price of GBX 644.82. The stock has a market capitalization of £732.19 million and a price-to-earnings ratio of -33.08. The company has a debt-to-equity ratio of 1.08, a quick ratio of 17.11 and a current ratio of 17.45. Ceres Power has a 1 year low of GBX 376.70 ($4.55) and a 1 year high of GBX 1,283.93 ($15.51).

About Ceres Power

(Get Rating)

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.

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