CityFibre Infrastructure Holdings PLC (CITY) Given “Outperform” Rating at Macquarie
CityFibre Infrastructure Holdings PLC (LON:CITY)‘s stock had its “outperform” rating reiterated by Macquarie in a research report issued to clients and investors on Wednesday.
Several other analysts also recently issued reports on CITY. Liberum Capital reissued a “buy” rating and issued a GBX 138 ($1.71) price target on shares of CityFibre Infrastructure Holdings PLC in a research note on Tuesday, July 26th. FinnCap reaffirmed a “corporate” rating and issued a GBX 130 ($1.61) target price on shares of CityFibre Infrastructure Holdings PLC in a research report on Friday, September 9th. Beaufort Securities reaffirmed a “speculative buy” rating on shares of CityFibre Infrastructure Holdings PLC in a research report on Monday, September 12th. Finally, Haitong Bank reiterated a “sell” rating on shares of CityFibre Infrastructure Holdings PLC in a report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. CityFibre Infrastructure Holdings PLC presently has a consensus rating of “Hold” and an average price target of GBX 134 ($1.66).
CityFibre Infrastructure Holdings PLC (LON:CITY) remained flat at GBX 57.00 on Wednesday. 249,910 shares of the company’s stock were exchanged. CityFibre Infrastructure Holdings PLC has a 12-month low of GBX 42.00 and a 12-month high of GBX 74.00. The firm has a 50 day moving average price of GBX 57.62 and a 200 day moving average price of GBX 60.91. The stock’s market capitalization is GBX 151.43 million.
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In other CityFibre Infrastructure Holdings PLC news, insider Robert Gary Mesch sold 1,080,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of GBX 60 ($0.74), for a total transaction of £648,000 ($803,870.49).
About CityFibre Infrastructure Holdings PLC
CityFibre Infrastructure Holdings plc is a provider of wholesale fiber optic infrastructure. The Company designs, builds and operates pure-fiber networks across the United Kingdom. The Company’s operations relate to the management of transformational fiber optic infrastructure. Its solutions include Fibre-to-the-Premises, Metro Fibre Networks, Fibre-to-the-Tower and Fibre-to-the-Home.
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