Gore Street Energy Storage Fund (LON:GSF - Get Free Report) was downgraded by analysts at Royal Bank Of Canada to an "underperform" rating in a report released on Wednesday, MarketBeat Ratings reports. They currently have a GBX 600 ($8.19) price target on the stock.
Separately, Shore Capital reissued a "house stock" rating on shares of Gore Street Energy Storage Fund in a report on Thursday, April 17th.
Check Out Our Latest Stock Analysis on GSF
Gore Street Energy Storage Fund Trading Down 3.6%
Shares of GSF traded down GBX 2.40 ($0.03) during trading hours on Wednesday, reaching GBX 64.70 ($0.88). 2,844,898 shares of the company's stock traded hands, compared to its average volume of 1,621,769. The stock has a market cap of £333.48 million, a PE ratio of -55.91 and a beta of 0.31. The firm's 50 day simple moving average is GBX 62.39 and its 200-day simple moving average is GBX 54.44. Gore Street Energy Storage Fund has a 12 month low of GBX 42.40 ($0.58) and a 12 month high of GBX 69 ($0.94).
Insider Activity
In other news, insider Malcolm Robert King purchased 30,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average cost of GBX 58 ($0.79) per share, for a total transaction of £17,400 ($23,760.75). Company insiders own 5.34% of the company's stock.
Gore Street Energy Storage Fund Company Profile
(
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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.
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