Berenberg Bank Increases Ceres Power (LON:CWR) Price Target to GBX 980

Ceres Power (LON:CWR) had its price objective boosted by equities researchers at Berenberg Bank from GBX 530 to GBX 980 in a research report issued on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 13.55% from the stock’s previous close.

Separately, Jefferies Financial Group increased their price objective on shares of Ceres Power from GBX 480 to GBX 920 and gave the company a “buy” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 950.

Ceres Power Trading Up 4.6%

Shares of CWR stock opened at GBX 863.07 on Friday. Ceres Power has a 52-week low of GBX 67 and a 52-week high of GBX 872.50. The company has a debt-to-equity ratio of 2.24, a quick ratio of 12.18 and a current ratio of 3.27. The firm has a market capitalization of £1.68 billion, a PE ratio of -35.20 and a beta of 3.22. The stock has a fifty day simple moving average of GBX 507.41 and a two-hundred day simple moving average of GBX 372.89.

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

Insider Transactions at Ceres Power

In other Ceres Power news, insider Philip Caldwell sold 456,940 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of GBX 622, for a total transaction of £2,842,166.80. 8.03% of the stock is currently owned by company insiders.

About Ceres Power

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.