David Stevenson Buys 8,610 Shares of Gresham House Energy Storage (LON:GRID) Stock

Key Points

• Insider purchase: David Stevenson bought 8,610 Gresham House Energy Storage shares at GBX 98 each, investing approximately £8,437.80.
• Share performance: GRID shares fell 0.4% to GBX 96.61 during trading, with the stock valued at approximately £549.77 million.
• Analyst outlook: The company has a consensus “Moderate Buy” rating, although the consensus price target is GBX 85; recent quarterly earnings were negative at GBX 0.63 per share.

Gresham House Energy Storage (LON:GRID - Get Free Report) insider David Stevenson purchased 8,610 shares of the business's stock in a transaction dated Thursday, September 24th. The stock was purchased at an average price of GBX 98 per share, for a total transaction of £8,437.80.

Gresham House Energy Storage Trading Down 0.4%

Shares of LON:GRID traded down GBX 0.39 during trading on Thursday, hitting GBX 96.61. 522,128 shares of the company were exchanged, compared to its average volume of 623,818. Gresham House Energy Storage has a fifty-two week low of GBX 66.90 and a fifty-two week high of GBX 104.50. The stock has a market cap of £549.77 million, a price-to-earnings ratio of 23.56 and a beta of 0.03. The firm has a fifty day moving average price of GBX 96.52 and a two-hundred day moving average price of GBX 85.32.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GRID. Jefferies Financial Group reaffirmed a "buy" rating on shares of Gresham House Energy Storage in a report on Wednesday, September 2nd. Royal Bank Of Canada raised their target price on shares of Gresham House Energy Storage from GBX 80 to GBX 85 and gave the company a "sector perform" rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Gresham House Energy Storage has a consensus rating of "Moderate Buy" and a consensus price target of GBX 85.

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.

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