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

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

Gresham House Energy Storage Stock Up 2.9%

LON GRID opened at GBX 70 on Friday. The firm has a market cap of £398.34 million, a PE ratio of -344.49 and a beta of 0.26. Gresham House Energy Storage has a 52 week low of GBX 40.70 and a 52 week high of GBX 82. The company has a 50 day moving average price of GBX 74.64 and a 200 day moving average price of GBX 70.97.

Gresham House Energy Storage (LON:GRID) last issued its quarterly 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%. On average, equities research analysts anticipate that Gresham House Energy Storage will post 9.5149254 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.