Jefferies Financial Group Reaffirms Buy Rating for Gresham House Energy Storage (LON:GRID)

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

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

Gresham House Energy Storage Stock Performance

Shares of GRID stock opened at GBX 103.02 on Wednesday. Gresham House Energy Storage has a 1 year low of GBX 66.90 and a 1 year high of GBX 104.50. The firm has a market capitalization of £586.22 million, a PE ratio of 25.13 and a beta of 0.03. The stock has a fifty day moving average of GBX 93.43 and a two-hundred day moving average of 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.