Gresham House Energy Storage (LON:GRID) Insider Purchases £8,437.80 in Stock

Gresham House Energy Storage (LON:GRID) insider David Stevenson bought 8,610 shares of Gresham House Energy Storage stock in a transaction dated Thursday, September 24th. The stock was acquired at an average cost of GBX 98 per share, for a total transaction of £8,437.80.

Gresham House Energy Storage Price Performance

Shares of Gresham House Energy Storage stock opened at GBX 96 on Friday. Gresham House Energy Storage has a 1 year low of GBX 66.90 and a 1 year high of GBX 104.50. The firm has a market cap of £546.30 million, a price-to-earnings ratio of 23.41 and a beta of 0.03. The company has a 50-day moving average of GBX 96.56 and a 200 day moving average of GBX 85.55.

Gresham House Energy Storage (LON:GRID) last posted its quarterly earnings data 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, equities analysts anticipate 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 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 company’s stock. According to MarketBeat, the company 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.