CityFibre Infrastructure Holdings PLC (CITY) Insider Sells £648,000 in Stock
CityFibre Infrastructure Holdings PLC (LON:CITY) insider Robert Gary Mesch sold 1,080,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of GBX 60 ($0.78), for a total value of £648,000 ($845,842.58).
CityFibre Infrastructure Holdings PLC (LON:CITY) traded up 0.83% on Monday, hitting GBX 60.50. The stock had a trading volume of 5,375,349 shares. The firm’s market capitalization is GBX 160.73 million. CityFibre Infrastructure Holdings PLC has a 1-year low of GBX 42.00 and a 1-year high of GBX 79.50. The company’s 50 day moving average is GBX 63.26 and its 200-day moving average is GBX 60.31.
CITY has been the topic of several recent analyst reports. FinnCap reissued a “corporate” rating and issued a GBX 130 ($1.70) target price on shares of CityFibre Infrastructure Holdings PLC in a report on Thursday, June 23rd. Beaufort Securities reaffirmed a “speculative buy” rating on shares of CityFibre Infrastructure Holdings PLC in a report on Friday, July 1st. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 138 ($1.80) price objective on shares of CityFibre Infrastructure Holdings PLC in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 134 ($1.75).
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CityFibre Infrastructure Holdings PLC Company Profile
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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