Ceres Power Holdings plc (LON:CWR) Insider Stuart Paynter Purchases 7,365 Shares

Ceres Power Holdings plc (LON:CWR) insider Stuart Paynter purchased 7,365 shares of Ceres Power stock in a transaction on Wednesday, October 2nd. The stock was bought at an average price of GBX 270 ($3.61) per share, with a total value of £19,885.50 ($26,599.12).

Ceres Power Trading Up 4.1 %

LON:CWR opened at GBX 284.20 ($3.80) on Friday. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of £550.10 million, a price-to-earnings ratio of -1,333.24 and a beta of 1.60. The firm has a fifty day simple moving average of GBX 200.97 and a two-hundred day simple moving average of GBX 185.39. Ceres Power Holdings plc has a 12 month low of GBX 126.40 ($1.69) and a 12 month high of GBX 294.80 ($3.94).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 650 ($8.69) price target on shares of Ceres Power in a report 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.