Gresham House Energy Storage (LON:GRID) Insider Buys £19,767.01 in Stock

Gresham House Energy Storage (LON:GRID) insider Andy Koss acquired 29,503 shares of Gresham House Energy Storage stock in a transaction dated Wednesday, October 1st. The shares were purchased at an average cost of GBX 67 per share, with a total value of £19,767.01.

Gresham House Energy Storage Price Performance

GRID stock opened at GBX 71 on Friday. The stock has a market capitalization of £404.04 million, a P/E ratio of -349.41 and a beta of 0.26. The business has a 50-day moving average of GBX 74.48 and a 200-day moving average of GBX 71.10. Gresham House Energy Storage has a fifty-two week low of GBX 40.70 and a fifty-two week high of GBX 82.

Gresham House Energy Storage (LON:GRID) last posted its quarterly earnings data on Wednesday, September 24th. The company reported GBX (0.54) earnings per share for the quarter. Gresham House Energy Storage had a negative return on equity of 28.90% and a net margin of 105.20%. Equities analysts expect that Gresham House Energy Storage will post 9.5149254 EPS for the current year.

Analysts Set New Price Targets

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

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.