Cordiant Digital Infrastructure (LON:CORD) Reaches New 12-Month High – Still a Buy?

Cordiant Digital Infrastructure (LON:CORDGet Free Report) shares hit a new 52-week high on Monday . The company traded as high as GBX 124 and last traded at GBX 121.37, with a volume of 1404 shares trading hands. The stock had previously closed at GBX 122.50.

Cordiant Digital Infrastructure Price Performance

The company has a market capitalization of £929.31 million, a price-to-earnings ratio of 6.06 and a beta of 0.61. The business’s 50 day simple moving average is GBX 112.47 and its 200 day simple moving average is GBX 107.51.

Insider Buying and Selling at Cordiant Digital Infrastructure

In other Cordiant Digital Infrastructure news, insider Simon Pitcher acquired 10,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were bought at an average cost of GBX 110 per share, for a total transaction of £11,000. Also, insider Shonaid Jemmett- Page acquired 23,753 shares of the company’s stock in a transaction on Monday, April 13th. The stock was acquired at an average price of GBX 105 per share, for a total transaction of £24,940.65. Over the last three months, insiders have acquired 43,753 shares of company stock worth $4,644,065. 0.06% of the stock is owned by company insiders.

About Cordiant Digital Infrastructure

(Get Free Report)

Cordiant Digital Infrastructure Limited primarily invests in the core infrastructure of the digital economy – data centres, fibre-optic networks and telecommunication and broadcast towers – in Europe and North America. Further details about the Company can be found on its website at www.cordiantdigitaltrust.com.

The Company is a sector-focused specialist owner and operator of Digital Infrastructure, listed on the London Stock Exchange under the ticker CORD. In total, the Company has successfully raised £795 million in equity, along with a debt package that includes a €200m Eurobond with a consortium of blue-chip institutions; deploying the proceeds into six acquisitions: CRA, Hudson, Emitel, Speed Fibre, Belgian Tower Company, and DCU which together offer stable, often index-linked income, and the opportunity for growth, in line with the Company’s Buy, Build & Grow model.

Further Reading

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