Key Points
- Insider Cathy Pitt purchased 14,850 Gresham House Energy Storage shares in a transaction valued at approximately £213.9 million, according to the report.
- GRID shares opened at GBX 95.80, with a market capitalization of £545.16 million and a one-year trading range of GBX 67.17 to GBX 104.50.
- Analysts hold a generally positive view, with a consensus “Moderate Buy” rating, although the GBX 85 target price is below the reported opening price.
Gresham House Energy Storage (LON:GRID - Get Free Report) insider Cathy Pitt acquired 14,850 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was bought 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
Shares of GRID stock opened at GBX 95.80 on Friday. The stock's 50-day moving average is GBX 96.78 and its two-hundred day moving average is GBX 86.27. The firm has a market cap of £545.16 million, a price-to-earnings ratio of 23.37 and a beta of 0.03. Gresham House Energy Storage has a 1 year low of GBX 67.17 and a 1 year high of GBX 104.50.
Gresham House Energy Storage (LON:GRID - Get Free Report) last posted 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 19.37% and a net margin of 97.65%. As a group, research analysts predict that Gresham House Energy Storage will post 9.5149254 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group reissued a "buy" rating on shares of Gresham House Energy Storage in a report on Wednesday, September 2nd. One research 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 company has an average rating of "Moderate Buy" and a consensus target price of GBX 85.
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Gresham House Energy Storage Company Profile
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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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