Gresham House Energy Storage (LON:GRID) Insider Andy Koss Buys 29,503 Shares

Gresham House Energy Storage (LON:GRID) insider Andy Koss bought 29,503 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was acquired at an average price of GBX 67 per share, for a total transaction of £19,767.01.

Gresham House Energy Storage Price Performance

GRID opened at GBX 68 on Thursday. Gresham House Energy Storage has a fifty-two week low of GBX 40.70 and a fifty-two week high of GBX 82. The firm has a market capitalization of £386.96 million, a PE ratio of -334.65 and a beta of 0.26. The company’s 50-day moving average is GBX 74.79 and its 200 day moving average is GBX 70.84.

Gresham House Energy Storage (LON:GRID) last posted its earnings results on Wednesday, September 24th. The company reported GBX (0.54) earnings per share for the quarter. Gresham House Energy Storage had a negative return on equity of 28.90% and a net margin of 105.20%. As a group, analysts expect that Gresham House Energy Storage will post 9.5149254 EPS for the current year.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upped their price objective on shares of Gresham House Energy Storage from GBX 7,000 to GBX 7,500 and gave the stock a “sector perform” rating in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 7,500.

Gresham House Energy Storage Company Profile

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.