Gore Street Energy Storage Fund (LON:GSF) Shares Up 1.9% - Still a Buy?

Key Points

• Shares of Gore Street Energy Storage Fund (LON:GSF) increased by 1.9%, closing at GBX 63 ($0.84), despite a trading volume decline of 8% compared to the average.
• Analysts have rated the stock with a consensus of "Sell," with Royal Bank of Canada setting a target price of GBX 60.
• The company, launched in 2018, is London's first listed energy storage fund and operates battery storage facilities across five grid networks, having a market capitalization of £318.21 million.

Gore Street Energy Storage Fund (LON:GSF - Get Free Report) shares traded up 1.9% on Friday . The stock traded as high as GBX 63.60 ($0.85) and last traded at GBX 63 ($0.84). 1,455,391 shares were traded during mid-day trading, a decline of 8% from the average session volume of 1,582,782 shares. The stock had previously closed at GBX 61.80 ($0.82).

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an "underperform" rating and issued a GBX 60 target price on shares of Gore Street Energy Storage Fund in a research note on Thursday, July 17th. Shore Capital reissued a "house stock" rating on shares of Gore Street Energy Storage Fund in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell" and an average price target of GBX 60.

Gore Street Energy Storage Fund Price Performance

The stock's fifty day moving average price is GBX 57.25 and its 200 day moving average price is GBX 60.07. The stock has a market capitalization of £318.21 million, a P/E ratio of 51.64 and a beta of 0.31.

About Gore Street Energy Storage Fund

About Us: Gore Street Energy Storage Fund plc is London's first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with a diversified portfolio across five grid networks. The Company is one of the principal owners and operators of battery storage facilities in Great Britain and Ireland and owns and operates facilities in Western Mainland Europe and the US.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.