Ceres Power (LON:CWR) Sets New 1-Year High at $499.00

Ceres Power Holdings plc (LON:CWR)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 499 ($6.56) and last traded at GBX 498.40 ($6.56), with a volume of 179127 shares traded. The stock had previously closed at GBX 491 ($6.46).

Several equities analysts have recently issued reports on the stock. Liberum Capital reissued a “buy” rating on shares of Ceres Power in a report on Friday, December 6th. Berenberg Bank boosted their price target on shares of Ceres Power from GBX 290 ($3.81) to GBX 470 ($6.18) and gave the company a “buy” rating in a report on Thursday, February 6th.

The company has a market cap of $754.55 million and a price-to-earnings ratio of -144.12. The firm’s fifty day moving average price is GBX 353.60 and its 200-day moving average price is GBX 243.78.

In other news, insider Philip Caldwell sold 242,497 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of GBX 399 ($5.25), for a total transaction of £967,563.03 ($1,272,774.31).

Ceres Power Company Profile (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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