Gresham House Energy Storage’s (GRID) Buy Rating Reiterated at Jefferies Financial Group

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

Gresham House Energy Storage Stock Up 1.9%

Shares of LON GRID opened at GBX 79.50 on Wednesday. Gresham House Energy Storage has a twelve month low of GBX 64.20 and a twelve month high of GBX 83.30. The stock’s 50 day moving average price is GBX 75.01 and its 200-day moving average price is GBX 76. The company has a market capitalization of £452.41 million, a PE ratio of 19.39 and a beta of 0.02.

Gresham House Energy Storage (LON:GRID) last announced its earnings results on Tuesday, April 21st. The company reported GBX (1.15) earnings per share for the quarter. Gresham House Energy Storage had a return on equity of 3.71% and a net margin of 90.03%.The business had revenue of GBX 71 million during the quarter. As a group, research analysts expect that Gresham House Energy Storage will post 9.5149254 EPS for the current fiscal year.

Insider Transactions at Gresham House Energy Storage

In other news, insider John Leggate sold 111,341 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of GBX 75, for a total value of £83,505.75. Also, insider David Stevenson bought 12,894 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average price of GBX 77 per share, for a total transaction of £9,928.38. Company insiders own 0.09% of the company’s stock.

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.