Insider Buying: Ceres Power Holdings plc (LON:CWR) Insider Buys £49,830 in Stock

Ceres Power Holdings plc (LON:CWR) insider Dame Julia King bought 30,200 shares of Ceres Power stock in a transaction that occurred on Thursday, November 28th. The shares were acquired at an average cost of GBX 165 ($2.10) per share, with a total value of £49,830 ($63,469.62).

Ceres Power Trading Up 0.6 %

LON CWR opened at GBX 166.10 ($2.12) on Friday. The firm has a 50 day simple moving average of GBX 213.19 and a 200-day simple moving average of GBX 202.06. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. Ceres Power Holdings plc has a one year low of GBX 126.40 ($1.61) and a one year high of GBX 312 ($3.97). The firm has a market cap of £321.50 million, a price-to-earnings ratio of -790.95 and a beta of 1.60.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 650 ($8.28) price target on shares of Ceres Power in a research report on Tuesday, August 6th.

Ceres Power Company Profile

Ceres Power Holdings plc engages in the development and commercialization of fuel cell and electrochemical technology in Europe, Asia, North America, and internationally. The company's technology includes Ceres Power, a solid oxide fuel cell technology used for distributed power generation, commercial power, and marine and motive power sectors; and Ceres Hydrogen, a solid oxide electrolyser cell SOEC technology to produce green hydrogen.