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

Gresham House Energy Storage (LON:GRID) insider Andy Koss acquired 29,503 shares of the company’s stock in a transaction 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 Stock Up 1.4%

LON:GRID opened at GBX 71 on Friday. The stock’s 50 day moving average price is GBX 74.48 and its two-hundred day moving average price is GBX 71.10. The firm has a market capitalization of £404.04 million, a price-to-earnings ratio of -349.41 and a beta of 0.26. Gresham House Energy Storage has a 12-month low of GBX 40.70 and a 12-month high of GBX 82.

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

Analyst Ratings Changes

Separately, Royal Bank Of Canada upped their price objective on Gresham House Energy Storage from GBX 7,000 to GBX 7,500 and gave the company a “sector perform” rating in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Gresham House Energy Storage presently has an average rating of “Hold” and an average 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.