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

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Ceres Power (LON:CWR)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a research note issued on Friday, ThisIsMoney.Co.Uk reports.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 290 ($3.79) price objective on shares of Ceres Power in a research note on Tuesday, November 12th.

Shares of LON CWR opened at GBX 238 ($3.11) on Friday. The company has a market cap of $366.22 million and a price-to-earnings ratio of -70.00. The stock’s 50-day moving average is GBX 213.73 and its two-hundred day moving average is GBX 193.87. Ceres Power has a 1-year low of GBX 124.98 ($1.63) and a 1-year high of GBX 226.60 ($2.96).

In related news, insider Philip Caldwell sold 249,637 shares of Ceres Power stock in a transaction that occurred on Wednesday, October 30th. The shares were 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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