Shore Capital Reiterates "House Stock" Rating for Gore Street Energy Storage Fund (LON:GSF)

Key Points

• Shore Capital has reiterated its "house stock" rating for Gore Street Energy Storage Fund (GSF), suggesting confidence in the stock despite its current performance.
• The stock currently has a consensus rating of "Sell" with a price target set at GBX 60 following an "underperform" rating from Royal Bank of Canada.
• Gore Street Energy Storage Fund reported a negative net margin of 80.72% in its latest earnings, raising concerns about overall profitability.

Shore Capital restated their house stock rating on shares of Gore Street Energy Storage Fund (LON:GSF - Free Report) in a report issued on Monday morning, Marketbeat Ratings reports.

Separately, Royal Bank Of Canada reissued an "underperform" rating and set a GBX 60 price target on shares of Gore Street Energy Storage Fund in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell" and a consensus price target of GBX 60.

Gore Street Energy Storage Fund Price Performance

LON:GSF traded down GBX 1.80 on Monday, hitting GBX 55.50. 940,845 shares of the company's stock were exchanged, compared to its average volume of 1,647,343. The firm has a 50-day moving average price of GBX 62.08 and a 200-day moving average price of GBX 58.66. Gore Street Energy Storage Fund has a 52 week low of GBX 42.40 and a 52 week high of GBX 69. The company has a market cap of £280.33 million, a P/E ratio of 4,549.18 and a beta of 0.31.

Gore Street Energy Storage Fund (LON:GSF - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported GBX 1.85 EPS for the quarter. Gore Street Energy Storage Fund had a negative net margin of 80.72% and a negative return on equity of 1.04%. On average, research analysts expect that Gore Street Energy Storage Fund will post 2.9007634 earnings per share for the current fiscal year.

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.