Key Points
- Insider purchase: Isabel Liu acquired 20,200 Gresham House Energy Storage shares at GBX 98 each, for a total investment of £19,796.
- Stock performance and financials: GRID shares opened at GBX 96, with a market capitalization of approximately £546.3 million. The company reported quarterly EPS of negative GBX 0.63, alongside a 90.03% net margin and 3.71% return on equity.
- Analyst outlook: The stock has a consensus “Moderate Buy” rating, though its consensus target price of GBX 85 is below the current trading level; Jefferies maintains a “Buy” rating while RBC rates it “Sector Perform.”
Gresham House Energy Storage (LON:GRID - Get Free Report) insider Isabel Liu acquired 20,200 shares of the company's stock in a transaction dated Friday, September 25th. The stock was purchased at an average cost of GBX 98 per share, for a total transaction of £19,796.
Gresham House Energy Storage Stock Down 2.2%
Shares of GRID stock opened at GBX 96 on Friday. The stock has a 50-day simple moving average of GBX 96.56 and a 200 day simple moving average of GBX 85.55. The stock has a market capitalization of £546.30 million, a P/E ratio of 23.41 and a beta of 0.03. Gresham House Energy Storage has a fifty-two week low of GBX 66.90 and a fifty-two week high of GBX 104.50.
Gresham House Energy Storage (LON:GRID - Get Free Report) last issued its quarterly 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%. On average, sell-side analysts anticipate that Gresham House Energy Storage will post 9.5149254 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Gresham House Energy Storage in a research note on Wednesday, September 2nd. Royal Bank Of Canada lifted their price target on shares of Gresham House Energy Storage from GBX 80 to GBX 85 and gave the stock a "sector perform" rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 85.
Check Out Our Latest Research Report on GRID
Gresham House Energy Storage Company Profile
(
Get Free Report)
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.
Further Reading
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