Gresham House Energy Storage (LON:GRID) Stock Keeps “Buy” Rating at Jefferies Financial Group

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

Gresham House Energy Storage Trading Up 1.5%

Shares of Gresham House Energy Storage stock opened at GBX 99.20 on Wednesday. The company has a fifty day simple moving average of GBX 97.12 and a 200-day simple moving average of GBX 86.90. Gresham House Energy Storage has a 12-month low of GBX 70 and a 12-month high of GBX 104.50. The stock has a market cap of £564.51 million, a price-to-earnings ratio of 4.19 and a beta of 0.03.

Gresham House Energy Storage (LON:GRID) last posted its earnings results on Wednesday, September 23rd. The company reported GBX (0.63) EPS for the quarter. Gresham House Energy Storage had a net margin of 97.65% and a return on equity of 19.37%. On average, analysts forecast that Gresham House Energy Storage will post 9.5149254 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Isabel Liu bought 20,200 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average cost of GBX 98 per share, with a total value of £19,796. Also, insider David Stevenson purchased 8,610 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The shares were purchased at an average price of GBX 98 per share, for a total transaction of £8,437.80. Over the last 90 days, insiders have bought 43,660 shares of company stock valued at $21,389,778,530. 0.10% of the stock is currently 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.