Ceres Power (CWR) Rating Reiterated by Berenberg Bank

Ceres Power (LON:CWR)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Wednesday. They presently have a GBX 15 ($0.20) target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 1.35% from the company’s previous close.

Ceres Power (CWR) traded up GBX 0.10 ($0.00) during mid-day trading on Wednesday, reaching GBX 14.80 ($0.20). 1,841,104 shares of the company’s stock traded hands, compared to its average volume of 765,398. Ceres Power has a 52-week low of GBX 6.79 ($0.09) and a 52-week high of GBX 15.70 ($0.21). The company has a market cap of $148.31 and a price-to-earnings ratio of -1,480.00.

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Ceres Power Company Profile

Ceres Power Holdings PLC is a United Kingdom-based company, which is a fuel cell technology and engineering company. The Company is engaged in the development and commercialization of its fuel cell technology. The SteelCell, operating at a temperature between 500 and 600 degree Celsius, is a perforated sheet of steel with a special ceramic layer that converts fuel directly into electrical power.

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