Gresham House Energy Storage (LON:GRID) Reaches New 12-Month High – Still a Buy?

Shares of Gresham House Energy Storage (LON:GRID) reached a new 52-week high on Monday. The stock traded as high as GBX 108.50 and last traded at GBX 108.50, with a volume of 169,412 shares traded. The stock had previously closed at GBX 107.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of Gresham House Energy Storage in a report on Wednesday, October 7th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Gresham House Energy Storage has an average rating of “Moderate Buy” and an average price target of GBX 85.

Gresham House Energy Storage Stock Up 0.9%

The stock’s fifty day moving average price is GBX 98.01 and its 200-day moving average price is GBX 85.55. The company has a market capitalization of £614.59 million, a price-to-earnings ratio of 4.56 and a beta of 0.03.

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

Insider Buying and Selling at Gresham House Energy Storage

In other Gresham House Energy Storage news, insider Cathy Pitt acquired 14,850 shares of Gresham House Energy Storage stock in a transaction dated Thursday, October 1st. The stock was bought at an average cost of £14,401.99 per share, for a total transaction of £213,869,551.50. Also, insider Isabel Liu acquired 20,200 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was bought at an average price of GBX 98 per share, with a total value of £19,796. In the last three months, insiders have acquired 43,660 shares of company stock worth $21,389,778,530. 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.