Gresham House Energy Storage (LON:GRID) Hits New 52-Week High – Here’s Why

Gresham House Energy Storage (LON:GRID)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 97 and last traded at GBX 96.75, with a volume of 49652 shares changing hands. The stock had previously closed at GBX 96.60.

Analyst Ratings Changes

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

Gresham House Energy Storage Stock Up 0.2%

The business’s 50-day simple moving average is GBX 89.88 and its two-hundred day simple moving average is GBX 80.41. The firm has a market cap of £550.57 million, a price-to-earnings ratio of 23.60 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.