Gresham House Energy Storage (LON:GRID) Price Target Raised to GBX 7,500

Gresham House Energy Storage (LON:GRID) had its price target upped by research analysts at Royal Bank Of Canada from GBX 7,000 to GBX 7,500 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a “sector perform” rating on the stock.

Gresham House Energy Storage Stock Performance

Shares of Gresham House Energy Storage stock opened at GBX 79 on Tuesday. The business’s 50 day simple moving average is GBX 78.11 and its 200 day simple moving average is GBX 65.45. Gresham House Energy Storage has a 52-week low of GBX 40.70 and a 52-week high of GBX 82. The firm has a market cap of £448.49 million, a PE ratio of -2.28 and a beta of 0.26.

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.