Gresham House Energy Storage (LON:GRID) Stock: Insider Cathy Pitt Buys 14,850 Shares

Gresham House Energy Storage (LON:GRID) insider Cathy Pitt purchased 14,850 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were bought at an average price of £14,401.99 per share, for a total transaction of £213,869,551.50.

Gresham House Energy Storage Price Performance

Shares of GRID opened at GBX 96.98 on Thursday. Gresham House Energy Storage has a 12 month low of GBX 67.17 and a 12 month high of GBX 104.50. The company has a market cap of £551.88 million, a P/E ratio of 23.65 and a beta of 0.03. The stock has a fifty day moving average price of GBX 96.74 and a 200 day moving average price of GBX 86.11.

Gresham House Energy Storage (LON:GRID) last released its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (0.63) earnings per share for the quarter. Gresham House Energy Storage had a net margin of 90.03% and a return on equity of 3.71%. As a group, research analysts anticipate that Gresham House Energy Storage will post 9.5149254 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of Gresham House Energy Storage in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Gresham House Energy Storage currently has an average rating of “Moderate Buy” and an average price target of GBX 85.

About Gresham House Energy Storage

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.