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

Key Points

• Shore Capital has reaffirmed its "house stock" rating for Gore Street Energy Storage Fund (LON:GSF) in a recent report.
• Royal Bank of Canada also maintained an "underperform" rating with a price target of GBX 60, aligning with the stock's current consensus rating of "Sell."
• The company reported a quarterly earnings per share of GBX 1.85, but it also faced a significant negative net margin of 80.72% and negative return on equity.

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

Separately, Royal Bank Of Canada reiterated 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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gore Street Energy Storage Fund presently has a consensus rating of "Sell" and a consensus target price of GBX 60.

Gore Street Energy Storage Fund Stock Down 2.1%

Shares of LON:GSF traded down GBX 1.20 during midday trading on Wednesday, hitting GBX 56.80. 660,821 shares of the stock traded hands, compared to its average volume of 1,614,021. The stock has a market capitalization of £286.90 million, a PE ratio of 4,655.74 and a beta of 0.31. The business's 50 day moving average is GBX 60.60 and its two-hundred day moving average is GBX 59.15. Gore Street Energy Storage Fund has a one year low of GBX 42.40 and a one year high of GBX 69.

Gore Street Energy Storage Fund (LON:GSF - Get Free Report) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that Gore Street Energy Storage Fund will post 2.9007634 earnings per share for the current year.

Gore Street Energy Storage Fund Company Profile

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.