Gresham House Energy Storage (LON:GRID) Trading Down 0.1% - Time to Sell?

Key Points

• The stock price of Gresham House Energy Storage (LON:GRID) has decreased by 0.1%, trading at GBX 79 ($1.06) after a drop from its previous close.
• Royal Bank Of Canada has raised its price target for the stock from GBX 7,000 to GBX 7,500, maintaining a "sector perform" rating.
• Currently, Gresham House Energy Storage holds an average rating of "Hold" among analysts, with a total market capitalization of £448.49 million.

Gresham House Energy Storage (LON:GRID - Get Free Report)'s share price traded down 0.1% on Wednesday . The stock traded as low as GBX 78.70 ($1.06) and last traded at GBX 79 ($1.07). 222,799 shares were traded during trading, a decline of 79% from the average session volume of 1,062,184 shares. The stock had previously closed at GBX 79.10 ($1.07).

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upped their price objective on shares of Gresham House Energy Storage from GBX 7,000 to GBX 7,500 and gave the stock a "sector perform" rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of GBX 7,500.

Gresham House Energy Storage Stock Down 0.8%

The company has a market cap of £436.57 million, a P/E ratio of -2.22 and a beta of 0.26. The business has a 50-day moving average price of GBX 78.26 and a two-hundred day moving average price of GBX 66.28.

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.