Ceres Power (LON:CWR) Hits New 12-Month High at $342.00

Ceres Power Holdings plc (LON:CWR)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 342 ($4.50) and last traded at GBX 338.55 ($4.45), with a volume of 863612 shares traded. The stock had previously closed at GBX 309 ($4.06).

CWR has been the subject of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 290 ($3.81) target price on shares of Ceres Power in a research report on Tuesday, November 12th. Liberum Capital reaffirmed a “buy” rating on shares of Ceres Power in a research report on Friday, December 6th.

The firm has a market cap of $512.65 million and a P/E ratio of -99.71. The business’s 50-day simple moving average is GBX 247.54 and its 200 day simple moving average is GBX 208.90.

In other Ceres Power 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 ($2.79), for a total value of £529,230.44 ($696,172.64).

About Ceres Power (LON:CWR)

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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