Gresham House Energy Storage (LON:GRID) Reaches New 52-Week High – Here’s What Happened

by · The Cerbat Gem

Gresham House Energy Storage (LON:GRID – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 82 and last traded at GBX 81, with a volume of 121014 shares. The stock had previously closed at GBX 81.90.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lifted their price objective 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, the stock currently has an average rating of “Hold” and an average price target of GBX 7,500.

Check Out Our Latest Research Report on GRID

Gresham House Energy Storage Price Performance

The business’s 50-day moving average price is GBX 73.29 and its two-hundred day moving average price is GBX 74.14. The company has a market capitalization of £470.05 million, a P/E ratio of -58.58 and a beta of 0.26.

Gresham House Energy Storage (LON:GRID – Get Free Report) last released 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%. Research analysts expect that Gresham House Energy Storage will post 9.5149254 earnings per share for the current fiscal year.

Insider Buying and Selling at Gresham House Energy Storage

In other Gresham House Energy Storage news, insider Andy Koss acquired 29,503 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was acquired at an average cost of GBX 67 per share, for a total transaction of £19,767.01. 0.09% of the stock is owned by company 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.

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