Ceres Power (LON:CWR) Given New GBX 480 Price Target at Jefferies Financial Group

Ceres Power (LON:CWR) had its price target upped by Jefferies Financial Group from GBX 460 to GBX 480 in a research note published on Thursday,Digital Look reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 530 target price on shares of Ceres Power in a report on Thursday, March 26th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 505.

Ceres Power Stock Down 0.7%

Ceres Power stock opened at GBX 423.42 on Thursday. The firm has a market capitalization of £824.86 million, a PE ratio of -17.27 and a beta of 1.81. The company’s 50-day moving average is GBX 316.28 and its 200-day moving average is GBX 292.19. Ceres Power has a fifty-two week low of GBX 53.60 and a fifty-two week high of GBX 438.40. The company has a debt-to-equity ratio of 2.24, a current ratio of 3.27 and a quick ratio of 12.18.

Ceres Power (LON:CWR) last announced its earnings results on Thursday, March 26th. The company reported GBX (24.52) EPS for the quarter. Ceres Power had a negative return on equity of 39.26% and a negative net margin of 145.65%. Sell-side analysts anticipate that Ceres Power will post -12.4426979 earnings per share for the current year.

Ceres Power Company Profile

Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres’ solid oxide technology supports greater electrification of our energy systems, including AI data centres, commercial and industrial applications, and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels.