Insider Buying: Gresham House Energy Storage (LON:GRID) Insider Acquires 14,850 Shares of Stock

Gresham House Energy Storage (LON:GRID) insider Cathy Pitt purchased 14,850 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were acquired at an average price of £14,401.99 per share, with a total value of £213,869,551.50.

Gresham House Energy Storage Stock Performance

LON GRID opened at GBX 96.98 on Thursday. The firm has a 50-day simple moving average of GBX 96.74 and a 200 day simple moving average of GBX 86.11. Gresham House Energy Storage has a twelve month low of GBX 67.17 and a twelve month high of GBX 104.50. The stock has a market cap of £551.88 million, a PE ratio of 23.65 and a beta of 0.03.

Gresham House Energy Storage (LON:GRID) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (0.63) earnings per share (EPS) for the quarter. Gresham House Energy Storage had a net margin of 90.03% and a return on equity of 3.71%. Research analysts forecast that Gresham House Energy Storage will post 9.5149254 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating on shares of Gresham House Energy Storage in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 85.

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.