Key Points
- Insider purchase: David Stevenson bought 8,610 Gresham House Energy Storage shares at GBX 98 each, for a total investment of £8,437.80.
- Stock performance: GRID opened at GBX 96.61, with a market capitalization of approximately £549.77 million and a 12-month trading range of GBX 66.90 to GBX 104.50.
- Analyst outlook: Analysts have an overall “Moderate Buy” rating, with one Buy and one Hold recommendation; the average price target is GBX 85.
Gresham House Energy Storage (LON:GRID - Get Free Report) insider David Stevenson purchased 8,610 shares of the business's stock in a transaction on Thursday, September 24th. The stock was acquired at an average cost of GBX 98 per share, with a total value of £8,437.80.
Gresham House Energy Storage Price Performance
Shares of GRID opened at GBX 96.61 on Friday. The firm's 50 day moving average is GBX 96.54 and its 200-day moving average is GBX 85.48. The stock has a market capitalization of £549.77 million, a P/E ratio of 23.56 and a beta of 0.03. Gresham House Energy Storage has a 12-month low of GBX 66.90 and a 12-month high of GBX 104.50.
Gresham House Energy Storage (LON:GRID - Get Free Report) last released its earnings results on Wednesday, September 23rd. The company reported GBX (0.63) EPS for the quarter. Gresham House Energy Storage had a return on equity of 3.71% and a net margin of 90.03%. As a group, equities research analysts forecast that Gresham House Energy Storage will post 9.5149254 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have issued reports on GRID. Royal Bank Of Canada upped their price target on Gresham House Energy Storage from GBX 80 to GBX 85 and gave the company a "sector perform" rating in a report on Friday, May 29th. Jefferies Financial Group reissued a "buy" rating on shares of Gresham House Energy Storage in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Gresham House Energy Storage presently has an average rating of "Moderate Buy" and an average price target of GBX 85.
Get Our Latest Research Report on GRID
About Gresham House Energy Storage
(
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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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