Gresham House Energy Storage (LON:GRID) Sets New 52-Week High – Should You Buy?

Shares of Gresham House Energy Storage (LON:GRID) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 91.40 and last traded at GBX 90.37, with a volume of 357543 shares trading hands. The stock had previously closed at GBX 90.24.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Gresham House Energy Storage from GBX 80 to GBX 85 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Jefferies Financial Group reissued a “buy” rating on shares of Gresham House Energy Storage in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 85.

Gresham House Energy Storage Trading Up 0.1%

The company has a 50 day simple moving average of GBX 80.17 and a two-hundred day simple moving average of GBX 77.20. The firm has a market capitalization of £514.24 million, a P/E ratio of 22.04 and a beta of 0.01.

Gresham House Energy Storage (LON:GRID) last released its quarterly earnings data on Tuesday, April 21st. The company reported GBX (1.15) earnings per share (EPS) for the quarter. Gresham House Energy Storage had a net margin of 90.03% and a return on equity of 3.71%. The company had revenue of GBX 71 million for the quarter. On average, sell-side analysts expect that Gresham House Energy Storage will post 9.5149254 EPS for the current fiscal year.

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.