London: Ceres Power Holdings (LON:CWR) Stock Has Just Had Its Buy Rating Reiterated by Berenberg Bank. Shares now Have a GBX 20.00 Target

May 17, 2018 - By Jeanette Kaplan

Ceres Power Holdings plc (LON:CWR) Logo

Ceres Power Holdings (LON:CWR) Rating Reaffirmed

In a research report revealed to clients this morning, Berenberg Bank reaffirmed their Buy rating on Ceres Power Holdings (LON:CWR) shares. The price target would suggest a possible upside of 37.65 % from firm’s previous stock close.

The stock increased 4.89% or GBX 0.675 during the last trading session, reaching GBX 14.475. About 1.69 million shares traded or 138.73% up from the average. Ceres Power Holdings plc (LON:CWR) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in the United Kingdom, Asia, and Europe. The company has market cap of 147.11 million GBP. The firm offers Ceres Steel Cell, a fuel cell technology that converts fuel directly into electrical power. It currently has negative earnings. It provides its products for use in the distributed power products for domestic, business, and other applications.

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