Gresham House Energy Storage’s (GRID) Buy Rating Reiterated at Jefferies Financial Group

by · The Cerbat Gem

Gresham House Energy Storage (LON:GRID – Get Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued on Wednesday,Digital Look reports.

Gresham House Energy Storage Trading Up 1.9%

LON:GRID opened at GBX 79.50 on Wednesday. The stock has a market capitalization of £452.41 million, a PE ratio of 19.39 and a beta of 0.02. The firm’s 50 day moving average is GBX 75.01 and its 200 day moving average is GBX 76. Gresham House Energy Storage has a 12 month low of GBX 64.20 and a 12 month high of GBX 83.30.

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

Insider Buying and Selling

In related news, insider John Leggate sold 111,341 shares of Gresham House Energy Storage stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of GBX 75, for a total value of £83,505.75. Also, insider Duncan Neale sold 13,500 shares of Gresham House Energy Storage stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of GBX 75, for a total transaction of £10,125. 0.09% of the stock is currently owned by insiders.

About Gresham House Energy Storage

(Get Free Report)

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.

Featured Stories