Gresham House Energy Storage (LON:GRID) Trading Up 1.6% – What’s Next?

Gresham House Energy Storage (LON:GRID)’s stock price traded up 1.6% on Tuesday . The company traded as high as GBX 93 and last traded at GBX 92.86. 57,059 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 655,044 shares. The stock had previously closed at GBX 91.40.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Gresham House Energy Storage from GBX 80 to GBX 85 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Gresham House Energy Storage in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 85.

Gresham House Energy Storage Stock Up 1.6%

The company’s 50-day moving average is GBX 88.06 and its two-hundred day moving average is GBX 79.50. The company has a market capitalization of £528.43 million, a P/E ratio of 22.65 and a beta of 0.03.

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.