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

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

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

Ceres Power Trading Up 4.6%

CWR opened at GBX 863.07 on Friday. The firm has a market cap of £1.68 billion, a P/E ratio of -35.20 and a beta of 3.22. Ceres Power has a 12 month low of GBX 67 and a 12 month high of GBX 872.50. The company has a current ratio of 3.27, a quick ratio of 12.18 and a debt-to-equity ratio of 2.24. The stock has a 50-day moving average of GBX 507.41 and a 200 day moving average of GBX 372.89.

Ceres Power (LON:CWR) last released its quarterly 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%. As a group, research analysts forecast that Ceres Power will post -12.4426979 EPS for the current year.

Insider Transactions at Ceres Power

In related news, insider Philip Caldwell sold 456,940 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of GBX 622, for a total value of £2,842,166.80. 8.03% of the stock is currently owned by corporate insiders.

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.