Royal Bank Of Canada Issues Positive Forecast for Gresham House Energy Storage (LON:GRID) Stock Price

Gresham House Energy Storage (LON:GRID) had its price objective hoisted by research analysts at Royal Bank Of Canada from GBX 80 to GBX 85 in a research report issued to clients and investors on Friday,Digital Look reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 0.47% from the company’s current price.

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of Gresham House Energy Storage in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Gresham House Energy Storage has a consensus rating of “Moderate Buy” and an average target price of GBX 85.

Gresham House Energy Storage Stock Up 2.2%

GRID opened at GBX 84.60 on Friday. The stock’s fifty day moving average is GBX 75.26 and its two-hundred day moving average is GBX 76.11. The company has a market capitalization of £481.43 million, a P/E ratio of 20.63 and a beta of 0.02. Gresham House Energy Storage has a 52 week low of GBX 66 and a 52 week high of GBX 87.

Gresham House Energy Storage (LON:GRID) last released its quarterly earnings data on Tuesday, April 21st. The company reported GBX (1.15) EPS for the quarter. Gresham House Energy Storage had a return on equity of 3.71% and a net margin of 90.03%.The firm had revenue of GBX 71 million for the quarter. Equities analysts anticipate that Gresham House Energy Storage will post 9.5149254 earnings per share for the current year.

Insider Buying and Selling

In other Gresham House Energy Storage news, insider David Stevenson acquired 12,894 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of GBX 77 per share, with a total value of £9,928.38. Also, insider John Leggate sold 111,341 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of GBX 75, for a total value of £83,505.75. 0.09% of the stock is owned by 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.