Gresham House Energy Storage (LON:GRID) Receives “Buy” Rating from Jefferies Financial Group

Gresham House Energy Storage (LON:GRID)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports.

Separately, Royal Bank Of Canada lifted their price target on shares of Gresham House Energy Storage from GBX 80 to GBX 85 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 85.

Gresham House Energy Storage Price Performance

LON GRID opened at GBX 103.02 on Wednesday. Gresham House Energy Storage has a 12 month low of GBX 66.90 and a 12 month high of GBX 104.50. The company has a market capitalization of £586.22 million, a P/E ratio of 25.13 and a beta of 0.03. The company’s 50 day simple moving average is GBX 93.43 and its 200 day simple moving average is GBX 82.36.

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.