Ceres Power (LON:CWR) Receives “Buy” Rating from Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Ceres Power (LON:CWR) in a research note published on Friday, ThisIsMoney.Co.Uk reports.

Separately, Berenberg Bank reaffirmed a buy rating and issued a GBX 290 ($3.79) target price on shares of Ceres Power in a research report on Tuesday, November 12th.

CWR traded up GBX 7 ($0.09) during trading on Friday, reaching GBX 245 ($3.20). 1,036,817 shares of the stock traded hands, compared to its average volume of 373,765. The stock’s 50-day simple moving average is GBX 214.37 and its two-hundred day simple moving average is GBX 194.19. Ceres Power has a fifty-two week low of GBX 124.98 ($1.63) and a fifty-two week high of GBX 226.60 ($2.96). The stock has a market cap of $376.99 million and a price-to-earnings ratio of -72.06.

In related news, insider Philip Caldwell sold 249,637 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of GBX 212 ($2.77), for a total value of £529,230.44 ($691,533.31).

About Ceres Power

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 perforated sheet of steel with special screen-printed ceramic layers that converts fuel directly into electrical power.

Further Reading: What is a good dividend yield?

Receive News & Ratings for Ceres Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceres Power and related companies with MarketBeat.com's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit