Gresham House Energy Storage (LON:GRID - Free Report) had its price objective boosted by Royal Bank Of Canada from GBX 7,000 to GBX 7,500 in a report published on Tuesday morning, MarketBeat.com reports. The firm currently has a sector perform rating on the stock.
Gresham House Energy Storage Stock Down 0.8%
LON GRID traded down GBX 0.60 during trading hours on Tuesday, reaching GBX 76.90. The company's stock had a trading volume of 193,853 shares, compared to its average volume of 1,052,710. The firm's 50-day moving average price is GBX 78.26 and its 200-day moving average price is GBX 66.11. Gresham House Energy Storage has a 1 year low of GBX 40.70 and a 1 year high of GBX 82. The company has a market capitalization of £436.57 million, a price-to-earnings ratio of -2.22 and a beta of 0.26.
About Gresham House Energy Storage
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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.
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