Gresham House Energy Storage (LON:GRID) Sets New 52-Week High – Here’s What Happened

Shares of Gresham House Energy Storage (LON:GRID) hit a new 52-week high on Tuesday . The stock traded as high as GBX 83.30 and last traded at GBX 82.20, with a volume of 9118229 shares. The stock had previously closed at GBX 82.50.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised their target price on shares of Gresham House Energy Storage from GBX 7,000 to GBX 7,500 and gave the stock a “sector perform” rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Gresham House Energy Storage currently has a consensus rating of “Hold” and a consensus price target of GBX 7,500.

Gresham House Energy Storage Stock Performance

The company has a market capitalization of £464.36 million, a PE ratio of -57.87 and a beta of 0.26. The business has a fifty day moving average price of GBX 74.62 and a 200 day moving average price of GBX 74.75.

Gresham House Energy Storage (LON:GRID) last issued its earnings results on Wednesday, September 24th. The company reported GBX (0.54) earnings per share (EPS) for the quarter. Gresham House Energy Storage had a negative return on equity of 28.90% and a net margin of 105.20%. Research analysts forecast that Gresham House Energy Storage will post 9.5149254 earnings per share for the current fiscal year.

Insider Activity

In other Gresham House Energy Storage news, insider Andy Koss bought 29,503 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were acquired at an average price of GBX 67 per share, with a total value of £19,767.01. 0.09% of the stock is owned by insiders.

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.