Gresham House Energy Storage (LON:GRID) Stock Price Up 0.1% – Should You Buy?

Gresham House Energy Storage (LON:GRID)’s stock price traded up 0.1% during mid-day trading on Friday . The company traded as high as GBX 73.80 and last traded at GBX 73.50. 1,709,310 shares changed hands during trading, an increase of 41% from the average session volume of 1,213,891 shares. The stock had previously closed at GBX 73.40.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada increased 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 report on Tuesday, August 19th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 7,500.

Gresham House Energy Storage Price Performance

The firm has a market capitalization of £418.26 million, a PE ratio of -52.13 and a beta of 0.26. The company has a 50-day moving average price of GBX 71.19 and a 200 day moving average price of GBX 72.97.

Gresham House Energy Storage (LON:GRID) last released 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%. As a group, research analysts anticipate that Gresham House Energy Storage will post 9.5149254 earnings per share for the current year.

Insider Activity

In related news, insider Andy Koss acquired 29,503 shares of Gresham House Energy Storage stock in a transaction dated 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 currently owned by insiders.

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.