Insider Buying: Gresham House Energy Storage (LON:GRID) Insider Buys £213,869,551.50 in Stock

Gresham House Energy Storage (LON:GRID – Get Free Report) insider Cathy Pitt bought 14,850 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was acquired at an average cost of £14,401.99 per share, with a total value of £213,869,551.50.

Gresham House Energy Storage Stock Up 0.8%

LON GRID opened at GBX 96.60 on Friday. Gresham House Energy Storage has a 12-month low of GBX 68.70 and a 12-month high of GBX 104.50. The company has a 50 day moving average price of GBX 96.83 and a two-hundred day moving average price of GBX 86.34. The stock has a market capitalization of £549.72 million, a PE ratio of 23.56 and a beta of 0.03.

Gresham House Energy Storage (LON:GRID – Get Free Report) last posted its earnings results on Wednesday, September 23rd. The company reported GBX (0.63) earnings per share (EPS) for the quarter. Gresham House Energy Storage had a net margin of 97.65% and a return on equity of 19.37%. As a group, equities analysts anticipate that Gresham House Energy Storage will post 9.5149254 EPS for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of Gresham House Energy Storage in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 85.

Read Our Latest Stock Analysis on GRID

About Gresham House Energy Storage

(Get Free Report)

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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