Gresham House Energy Storage (LON:GRID) Sets New 1-Year High – Time to Buy?

Gresham House Energy Storage (LON:GRID) hit a new 52-week high on Tuesday . The stock traded as high as GBX 88.95 and last traded at GBX 88.95, with a volume of 75728 shares changing hands. The stock had previously closed at GBX 84.30.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada boosted their target price on Gresham House Energy Storage from GBX 80 to GBX 85 and gave the company a “sector perform” rating in a research note on Friday, May 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Gresham House Energy Storage in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 85.

Gresham House Energy Storage Stock Up 5.6%

The firm’s 50-day moving average price is GBX 79.05 and its 200-day moving average price is GBX 76.97. The company has a market cap of £506.47 million, a P/E ratio of 21.71 and a beta of 0.02.

Gresham House Energy Storage (LON:GRID) last announced its quarterly earnings results on Tuesday, April 21st. The company reported GBX (1.15) EPS for the quarter. The business had revenue of GBX 71 million for the quarter. Gresham House Energy Storage had a net margin of 90.03% and a return on equity of 3.71%. As a group, analysts forecast that Gresham House Energy Storage will post 9.5149254 earnings per share for the current year.

Gresham House Energy Storage Company Profile

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.