Gresham House Energy Storage (LON:GRID) Shares Climb 0.5% - Still a Buy?

Key Points

• Shares rose 0.5% to GBX 94.61, although trading volume was 57% below the average daily level. The company has a £538.37 million market capitalization and trades at a P/E ratio of 3.99.
• Analyst sentiment remains positive but mixed: Jefferies reiterated a “buy” rating, while the overall consensus is “Moderate Buy” from one Buy and one Hold rating. The consensus price target is GBX 85, below the current share price.
• Insiders have been buying shares, including purchases by David Stevenson and Isabel Liu at GBX 98 each. The company reported quarterly EPS of negative GBX 0.63, while analysts expect full-year EPS of GBX 9.51.

Gresham House Energy Storage (LON:GRID - Get Free Report) was up 0.5% on Wednesday. The stock traded as high as GBX 95.20 and last traded at GBX 94.61. 272,495 shares were traded during trading, a decline of 57% from the average daily volume of 638,084 shares. The stock had previously closed at GBX 94.10.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a "buy" rating on shares of Gresham House Energy Storage in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 85.

Gresham House Energy Storage Price Performance

The firm has a market capitalization of £538.37 million, a PE ratio of 3.99 and a beta of 0.03. The business's 50 day moving average is GBX 97.45 and its two-hundred day moving average is GBX 84.74.

Gresham House Energy Storage (LON:GRID - Get Free Report) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (0.63) EPS for the quarter. Gresham House Energy Storage had a return on equity of 19.37% and a net margin of 97.65%. Analysts expect that Gresham House Energy Storage will post 9.51 EPS for the current fiscal year.

Insider Buying and Selling at Gresham House Energy Storage

In other news, insider David Stevenson purchased 8,610 shares of Gresham House Energy Storage stock in a transaction that occurred on Thursday, September 24th. The shares were bought at an average cost of GBX 98 per share, with a total value of £8,437.80. Also, insider Isabel Liu bought 20,200 shares of the firm's stock in a transaction on Friday, September 25th. The shares were acquired at an average cost of GBX 98 per share, with a total value of £19,796. In the last three months, insiders have bought 43,660 shares of company stock valued at $21,389,778,530. 0.10% of the stock is currently owned by corporate insiders.

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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