Jefferies Financial Group Increases Ceres Power (LON:CWR) Price Target to GBX 920

Ceres Power (LON:CWR) had its price objective lifted by investment analysts at Jefferies Financial Group from GBX 480 to GBX 920 in a research note issued on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 27.12% from the company’s current price.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 530 target price on shares of Ceres Power in a research note on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ceres Power has a consensus rating of “Buy” and a consensus target price of GBX 725.

Ceres Power Stock Performance

Shares of LON CWR opened at GBX 723.75 on Thursday. The firm’s 50-day moving average price is GBX 382.44 and its 200-day moving average price is GBX 325.89. The company has a quick ratio of 12.18, a current ratio of 3.27 and a debt-to-equity ratio of 2.24. The company has a market cap of £1.41 billion, a PE ratio of -29.52 and a beta of 3.22. Ceres Power has a 52-week low of GBX 63.35 and a 52-week high of GBX 768.09.

Ceres Power (LON:CWR) last announced its quarterly earnings results on Thursday, March 26th. The company reported GBX (24.52) earnings per share (EPS) for the quarter. Ceres Power had a negative net margin of 145.65% and a negative return on equity of 39.26%. As a group, analysts anticipate that Ceres Power will post -12.4426979 EPS for the current year.

Insiders Place Their Bets

In other Ceres Power news, insider Philip Caldwell sold 456,940 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of GBX 622, for a total transaction of £2,842,166.80. 8.03% of the stock is owned by company insiders.

Ceres Power Company Profile

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.