Ceres Power (LON:CWR) Earns Buy Rating from Jefferies Financial Group

Ceres Power (LON:CWR)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 920 target price on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 59.67% from the stock’s current price.

Separately, Berenberg Bank boosted their price target on Ceres Power from GBX 530 to GBX 980 and gave the stock a “buy” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ceres Power presently has an average rating of “Buy” and a consensus price target of GBX 950.

Ceres Power Stock Performance

LON CWR opened at GBX 576.17 on Wednesday. Ceres Power has a fifty-two week low of GBX 77 and a fifty-two week high of GBX 872.50. The stock has a market cap of £1.13 billion, a price-to-earnings ratio of -23.50 and a beta of 3.24. The business has a fifty day moving average of GBX 575.96 and a 200-day moving average of GBX 393.75. The company has a quick ratio of 12.18, a current ratio of 3.27 and a debt-to-equity ratio of 2.24.

Ceres Power (LON:CWR) last released its quarterly earnings results on Thursday, March 26th. The company reported GBX (24.52) earnings per share 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, analysts predict that Ceres Power will post -12.4426979 earnings per share for the current fiscal year.

Insider Activity at Ceres Power

In other news, insider Philip Caldwell sold 456,940 shares of Ceres Power 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. 7.94% of the stock is currently owned by corporate insiders.

About Ceres Power

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.