Insider Buying: Gresham House Energy Storage (LON:GRID) Insider Purchases £19,796 in Stock

Key Points

• Insider purchase: Isabel Liu bought 20,200 Gresham House Energy Storage shares at GBX 98 each, investing a total of £19,796.
• Market performance: GRID shares traded at GBX 98.40, with a market capitalization of approximately £559.96 million and a 52-week range of GBX 66.90 to GBX 104.50.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with one Buy and one Hold rating, although the consensus price target of GBX 85 is below the recent trading price.

Gresham House Energy Storage (LON:GRID - Get Free Report) insider Isabel Liu bought 20,200 shares of the stock in a transaction on Friday, September 25th. The shares were bought at an average price of GBX 98 per share, for a total transaction of £19,796.

Gresham House Energy Storage Price Performance

Shares of GRID stock traded up GBX 0.20 during midday trading on Friday, reaching GBX 98.40. 645,962 shares of the company traded hands, compared to its average volume of 621,886. The firm's 50 day simple moving average is GBX 96.54 and its two-hundred day simple moving average is GBX 85.48. The firm has a market cap of £559.96 million, a PE ratio of 24.00 and a beta of 0.03. Gresham House Energy Storage has a 1-year low of GBX 66.90 and a 1-year high of GBX 104.50.

Gresham House Energy Storage (LON:GRID - Get Free Report) last released its quarterly earnings data 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 anticipate that Gresham House Energy Storage will post 9.5149254 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GRID shares. Royal Bank Of Canada lifted their price target on Gresham House Energy Storage from GBX 80 to GBX 85 and gave the stock a "sector perform" rating in a research note on Friday, May 29th. Jefferies Financial Group reissued a "buy" rating on shares of Gresham House Energy Storage in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average 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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