Gresham House Energy Storage (LON:GRID) Shares Up 1.5% – Still a Buy?

Gresham House Energy Storage (LON:GRID) traded up 1.5% on Monday . The stock traded as high as GBX 81.90 and last traded at GBX 81.70. 721,144 shares changed hands during trading, a decline of 40% from the average session volume of 1,192,860 shares. The stock had previously closed at GBX 80.50.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada increased their target price on Gresham House Energy Storage from GBX 7,000 to GBX 7,500 and gave the stock a “sector perform” rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Gresham House Energy Storage has an average rating of “Hold” and a consensus target price of GBX 7,500.

Gresham House Energy Storage Stock Performance

The stock’s fifty day moving average is GBX 72.69 and its 200 day moving average is GBX 73.90. The stock has a market cap of £464.93 million, a P/E ratio of -57.94 and a beta of 0.26.

Gresham House Energy Storage (LON:GRID) last announced its quarterly earnings data on Wednesday, September 24th. The company reported GBX (0.54) EPS for the quarter. Gresham House Energy Storage had a net margin of 105.20% and a negative return on equity of 28.90%. Equities research analysts predict that Gresham House Energy Storage will post 9.5149254 EPS for the current year.

Insider Activity at Gresham House Energy Storage

In related news, insider Andy Koss bought 29,503 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was bought at an average cost of GBX 67 per share, for a total transaction of £19,767.01. Corporate insiders own 0.09% of the company’s stock.

About Gresham House Energy Storage

Gresham House Energy Storage Fund plc (GRID or the Fund) seeks to capitalise on the growing intraday supply and demand imbalances caused by Great Britain’s ever increasing reliance on renewable energy. The Fund aims to provide investors with an attractive and sustainable dividend by investing in a portfolio of utility-scale Battery Energy Storage Systems (BESS) located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market.

Gresham House Asset Management Limited (GHAM), is the investment Manager for Gresham House Energy Storage Fund plc.