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

Gresham House Energy Storage (LON:GRID) insider David Stevenson acquired 8,610 shares of Gresham House Energy Storage stock in a transaction that occurred on 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 Stock Down 0.4%

Shares of LON GRID traded down GBX 0.39 during trading on Thursday, reaching GBX 96.61. The company had a trading volume of 522,128 shares, compared to its average volume of 623,818. The stock has a market cap of £549.77 million, a P/E ratio of 23.56 and a beta of 0.03. The company’s fifty day moving average price is GBX 96.52 and its 200-day moving average price is GBX 85.32. Gresham House Energy Storage has a 12 month low of GBX 66.90 and a 12 month high of GBX 104.50.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GRID shares. Royal Bank Of Canada lifted their target price on shares of Gresham House Energy Storage from GBX 80 to GBX 85 and gave the stock a “sector perform” rating in a research note on Friday, May 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Gresham House Energy Storage in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Gresham House Energy Storage has an average rating of “Moderate Buy” and an average price target of GBX 85.

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.