Dame Julia King Acquires 30,200 Shares of Ceres Power Holdings plc (LON:CWR) Stock

Ceres Power Holdings plc (LON:CWR) insider Dame Julia King acquired 30,200 shares of Ceres Power stock in a transaction that occurred on Thursday, November 28th. The shares were purchased at an average cost of GBX 165 ($2.09) per share, with a total value of £49,830 ($63,171.91).

Ceres Power Stock Up 1.4 %

Shares of CWR traded up GBX 2.30 ($0.03) during mid-day trading on Thursday, hitting GBX 165.10 ($2.09). 572,159 shares of the company’s stock were exchanged, compared to its average volume of 744,780. The stock has a market cap of £319.57 million, a price-to-earnings ratio of -795.00 and a beta of 1.60. The firm has a fifty day moving average of GBX 214.36 and a two-hundred day moving average of GBX 202.41. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. Ceres Power Holdings plc has a twelve month low of GBX 126.40 ($1.60) and a twelve month high of GBX 312 ($3.96).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 650 ($8.24) price target on shares of Ceres Power in a research note 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.