Gresham House Energy Storage’s (GRID) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Gresham House Energy Storage (LON:GRID) in a research note published on Wednesday,Digital Look reports.

Separately, Royal Bank Of Canada upped their price objective on Gresham House Energy Storage from GBX 80 to GBX 85 and gave the company a “sector perform” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from 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 Performance

Shares of LON:GRID opened at GBX 102 on Wednesday. Gresham House Energy Storage has a 52-week low of GBX 66.90 and a 52-week high of GBX 104.50. The company has a market capitalization of £580.45 million, a P/E ratio of 24.88 and a beta of 0.03. The company has a 50-day simple moving average of GBX 94.58 and a 200 day simple moving average of GBX 82.92.

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.