Royal Bank Of Canada Issues Positive Forecast for Gresham House Energy Storage (LON:GRID) Stock Price

Gresham House Energy Storage (LON:GRID) had its price target lifted by equities research analysts at Royal Bank Of Canada from GBX 80 to GBX 85 in a report released on Friday,Digital Look reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 0.47% from the company’s previous close.

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Gresham House Energy Storage in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 85.

Gresham House Energy Storage Trading Up 2.2%

GRID opened at GBX 84.60 on Friday. The firm has a market cap of £481.43 million, a price-to-earnings ratio of 20.63 and a beta of 0.02. Gresham House Energy Storage has a 12 month low of GBX 66 and a 12 month high of GBX 87. The stock has a fifty day moving average price of GBX 75.26 and a 200-day moving average price of GBX 76.11.

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

Insider Buying and Selling

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

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.