Gresham House Energy Storage (LON:GRID – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported GBX (0.63) earnings per share for the quarter, Digital Look Earnings reports. Gresham House Energy Storage had a return on equity of 3.71% and a net margin of 90.03%.
Gresham House Energy Storage Stock Performance
Shares of GRID stock opened at GBX 97.22 on Wednesday. Gresham House Energy Storage has a twelve month low of GBX 66.90 and a twelve month high of GBX 104.50. The company has a market capitalization of £553.24 million, a price-to-earnings ratio of 23.71 and a beta of 0.03. The stock’s 50 day simple moving average is GBX 96.49 and its 200 day simple moving average is GBX 85.15.
Analyst Ratings Changes
Several brokerages have weighed in on GRID. 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 research report on Friday, May 29th. Jefferies Financial Group restated a “buy” rating on shares of Gresham House Energy Storage in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Gresham House Energy Storage currently has an average rating of “Moderate Buy” and a consensus price target of GBX 85.
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.
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