Berenberg Bank Reaffirms Buy Rating for Ceres Power (LON:CWR)

Ceres Power (LON:CWR - Get Free Report)'s stock had its "buy" rating reissued by analysts at Berenberg Bank in a research note issued to investors on Monday, MarketBeat reports. They presently have a GBX 800 ($9.96) price target on the stock. Berenberg Bank's price objective would suggest a potential upside of 482.24% from the company's previous close.

Ceres Power Stock Performance

LON CWR traded down GBX 1.60 ($0.02) during trading on Monday, reaching GBX 137.40 ($1.71). The company's stock had a trading volume of 1,244,244 shares, compared to its average volume of 667,805. 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 firm has a market capitalization of £265.21 million, a price-to-earnings ratio of -528.46 and a beta of 1.53. Ceres Power has a 12 month low of GBX 126.40 ($1.57) and a 12 month high of GBX 444.80 ($5.54). The firm has a 50 day moving average price of GBX 157.38 and a 200 day moving average price of GBX 189.08.

Insider Buying and Selling at Ceres Power

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