Gresham House Energy Storage (LON:GRID – Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 95.40 and last traded at GBX 95.36, with a volume of 39481 shares traded. The stock had previously closed at GBX 94.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on GRID shares. Royal Bank Of Canada increased their price objective on Gresham House Energy Storage from GBX 80 to GBX 85 and gave the company 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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 85.
Check Out Our Latest Stock Report on Gresham House Energy Storage
Gresham House Energy Storage Stock Performance
Gresham House Energy Storage (LON:GRID – Get Free Report) last posted its quarterly earnings data 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 company had revenue of GBX 71 million for the quarter. As a group, equities research analysts forecast that Gresham House Energy Storage will post 9.5149254 EPS for the current year.
Gresham House Energy Storage Company Profile
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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