Gresham House Energy Storage (LON:GRID) Sets New 12-Month High – Here’s What Happened

Gresham House Energy Storage (LON:GRID) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 95.40 and last traded at GBX 95.36, with a volume of 39481 shares. The stock had previously closed at GBX 94.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GRID shares. Royal Bank Of Canada increased their price target 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 restated a “buy” rating on shares of Gresham House Energy Storage in a research note on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 85.

Gresham House Energy Storage Stock Up 2.1%

The firm has a market capitalization of £546.30 million, a P/E ratio of 23.41 and a beta of 0.02. The firm has a 50 day moving average of GBX 81.79 and a 200-day moving average of GBX 77.67.

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