Gresham House Energy Storage (LON:GRID) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Gresham House Energy Storage (LON:GRID)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Digital Look reports.

Gresham House Energy Storage Trading Down 0.9%

Shares of Gresham House Energy Storage stock opened at GBX 97.18 on Wednesday. The business has a 50-day moving average price of GBX 97.22 and a two-hundred day moving average price of GBX 87.04. Gresham House Energy Storage has a 1-year low of GBX 70 and a 1-year high of GBX 104.50. The company has a market cap of £553.02 million, a P/E ratio of 4.10 and a beta of 0.03.

Gresham House Energy Storage (LON:GRID) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported GBX (0.63) earnings per share (EPS) for the quarter. Gresham House Energy Storage had a net margin of 97.65% and a return on equity of 19.37%. Equities research analysts forecast that Gresham House Energy Storage will post 9.5149254 EPS for the current fiscal year.

Insider Buying and Selling at Gresham House Energy Storage

In other Gresham House Energy Storage news, insider Isabel Liu purchased 20,200 shares of the company’s stock in a transaction on Friday, September 25th. The shares were purchased at an average cost of GBX 98 per share, with a total value of £19,796. Also, insider Cathy Pitt purchased 14,850 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average price of £14,401.99 per share, for a total transaction of £213,869,551.50. Over the last three months, insiders have acquired 43,660 shares of company stock valued at $21,389,778,530. 0.10% of the stock is currently owned by company insiders.

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.