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.

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