Gresham House Energy Storage (LON:GRID) Sets New 52-Week High - Still a Buy?

Key Points

• Gresham House Energy Storage shares hit a new 52-week high of GBX 105 and last traded at GBX 104.50, up from the prior close of GBX 102.25.
• Analysts maintain a cautiously positive view: Jefferies reiterated a “Buy” rating, while the overall consensus is “Moderate Buy.” However, the average price target of GBX 85 is below the current share price.
• The company reported strong profitability metrics, including a 19.37% return on equity and a 97.65% net margin, while insiders purchased 43,660 shares over the past three months.

Shares of Gresham House Energy Storage (LON:GRID - Get Free Report) reached a new 52-week high on Tuesday. The stock traded as high as GBX 105 and last traded at GBX 104.50, with a volume of 782,492 shares. The stock had previously closed at GBX 102.25.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a "buy" rating on shares of Gresham House Energy Storage in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 85.

Gresham House Energy Storage Stock Performance

The stock has a market capitalization of £588.98 million, a P/E ratio of 4.37 and a beta of 0.03. The business has a 50 day simple moving average of GBX 97.44 and a 200-day simple moving average of GBX 85.03.

Gresham House Energy Storage (LON:GRID - Get Free Report) last posted its quarterly earnings data 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%. Equities research analysts forecast that Gresham House Energy Storage will post 9.51 EPS for the current fiscal year.

Insider Buying and Selling at Gresham House Energy Storage

In other Gresham House Energy Storage news, insider Isabel Liu bought 20,200 shares of the company's stock in a transaction that occurred on Friday, September 25th. The shares were acquired at an average cost of GBX 98 per share, for a total transaction of £19,796. Also, insider Cathy Pitt bought 14,850 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were acquired at an average cost of £14,401.99 per share, with a total value of £213,869,551.50. In the last three months, insiders acquired 43,660 shares of company stock valued at $21,389,778,530. 0.10% of the stock is owned by insiders.

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.

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