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

Jefferies Financial Group reissued their buy rating on shares of Gresham House Energy Storage (LON:GRID) in a report released on Wednesday,Digital Look reports.

Gresham House Energy Storage Price Performance

Shares of GRID opened at GBX 97.80 on Wednesday. The firm has a market cap of £556.54 million, a PE ratio of 4.13 and a beta of 0.03. The stock’s fifty day moving average price is GBX 97.35 and its two-hundred day moving average price is GBX 87.11. Gresham House Energy Storage has a 1 year low of GBX 70 and a 1 year high of GBX 104.50.

Gresham House Energy Storage (LON:GRID) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (0.63) EPS for the quarter. Gresham House Energy Storage had a net margin of 97.65% and a return on equity of 19.37%. Sell-side analysts anticipate that Gresham House Energy Storage will post 9.51 earnings per share for the current fiscal year.

Insider Activity at Gresham House Energy Storage

In other Gresham House Energy Storage news, insider Cathy Pitt purchased 14,850 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was purchased at an average price of £14,401.99 per share, for a total transaction of £213,869,551.50. Also, insider David Stevenson bought 8,610 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were bought at an average price of GBX 98 per share, with a total value of £8,437.80. Over the last quarter, insiders acquired 43,660 shares of company stock valued at $21,389,778,530. Company insiders own 0.10% of the company’s stock.

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.