Royal Bank Of Canada Reiterates Underperform Rating for Gore Street Energy Storage Fund (LON:GSF)

Gore Street Energy Storage Fund (LON:GSF)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 60 ($0.81) target price on the stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 2.61% from the stock’s current price.

Separately, Shore Capital reissued a “house stock” rating on shares of Gore Street Energy Storage Fund in a research report on Monday, July 14th.

Gore Street Energy Storage Fund Price Performance

Shares of GSF opened at GBX 61.61 ($0.83) on Thursday. The company has a market capitalization of £317.54 million, a price-to-earnings ratio of -53.24 and a beta of 0.31. The business’s 50-day moving average is GBX 63.33 and its 200-day moving average is GBX 55.65. Gore Street Energy Storage Fund has a fifty-two week low of GBX 42.40 ($0.57) and a fifty-two week high of GBX 69 ($0.93).

Gore Street Energy Storage Fund (LON:GSF) last announced its quarterly earnings results on Thursday, July 17th. The company reported GBX 1.85 ($0.02) EPS for the quarter. Gore Street Energy Storage Fund had a negative return on equity of 1.04% and a negative net margin of 80.72%. Equities research analysts expect that Gore Street Energy Storage Fund will post 2.9007634 earnings per share for the current fiscal year.

About Gore Street Energy Storage Fund

About Us: Gore Street Energy Storage Fund plc is London’s first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with a diversified portfolio across five grid networks. The Company is one of the principal owners and operators of battery storage facilities in Great Britain and Ireland and owns and operates facilities in Western Mainland Europe and the US.