Gresham House Energy Storage (LON:GRID) Stock Price Up 1.5% – Should You Buy?

Gresham House Energy Storage (LON:GRID)’s share price shot up 1.5% during mid-day trading on Monday . The stock traded as high as GBX 81.90 and last traded at GBX 81.70. 721,144 shares were traded during trading, a decline of 40% from the average session volume of 1,192,860 shares. The stock had previously closed at GBX 80.50.

Analysts Set New Price Targets

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

Gresham House Energy Storage Price Performance

The stock has a market cap of £460.94 million, a price-to-earnings ratio of -57.45 and a beta of 0.26. The stock’s 50-day moving average is GBX 73.05 and its 200-day moving average is GBX 74.08.

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

Insider Transactions at Gresham House Energy Storage

In other Gresham House Energy Storage news, insider Andy Koss acquired 29,503 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were purchased at an average price of GBX 67 per share, for a total transaction of £19,767.01. 0.09% of the stock is owned by company 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.