Gresham House Energy Storage (LON:GRID) Shares Down 0.8% – Time to Sell?

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada boosted their price target on 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. Jefferies Financial Group reaffirmed a “buy” rating on shares of Gresham House Energy Storage in a research report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 85.

Gresham House Energy Storage Stock Performance

The firm has a fifty day moving average price of GBX 78.33 and a 200 day moving average price of GBX 76.94. The stock has a market cap of £472.32 million, a PE ratio of 20.24 and a beta of 0.02.

Gresham House Energy Storage (LON:GRID) last announced its earnings results 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 business had revenue of GBX 71 million for the quarter. On average, equities research analysts forecast that Gresham House Energy Storage will post 9.5149254 earnings per share 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.