Gresham House Energy Storage (LON:GRID) Stock Price Down 0.8% – What’s Next?

Gresham House Energy Storage (LON:GRID)’s share price fell 0.8% during trading on Monday . The company traded as low as GBX 81.80 and last traded at GBX 82.40. 747,553 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 719,489 shares. The stock had previously closed at GBX 83.08.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of Gresham House Energy Storage in a research note on Wednesday, May 27th. Royal Bank Of Canada upped their price target on shares of Gresham House Energy Storage from GBX 80 to GBX 85 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 85.

Gresham House Energy Storage Stock Down 0.8%

The firm has a market cap of £468.91 million, a price-to-earnings ratio of 20.10 and a beta of 0.02. The business’s fifty day moving average is GBX 78.19 and its two-hundred day moving average is GBX 76.93.

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

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.