Research analysts at Macquarie began coverage on shares of CityFibre Infrastructure Holdings PLC (LON:CITY) in a research note issued on Monday. The brokerage set an “outperform” rating on the stock.

CITY has been the subject of a number of other reports. Liberum Capital reaffirmed a “buy” rating and set a GBX 138 ($1.71) price objective on shares of CityFibre Infrastructure Holdings PLC in a research report on Monday, September 26th. Beaufort Securities reaffirmed a “speculative buy” rating on shares of CityFibre Infrastructure Holdings PLC in a research report on Monday, September 12th. FinnCap reaffirmed a “corporate” rating and set a GBX 130 ($1.61) price objective on shares of CityFibre Infrastructure Holdings PLC in a research report on Thursday, June 30th. Finally, Haitong Bank reaffirmed a “sell” rating on shares of CityFibre Infrastructure Holdings PLC in a research report on Tuesday, September 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 134 ($1.66).

CityFibre Infrastructure Holdings PLC (LON:CITY) remained flat at GBX 61.50 during midday trading on Monday. The stock had a trading volume of 27,152 shares. CityFibre Infrastructure Holdings PLC has a 12 month low of GBX 42.00 and a 12 month high of GBX 77.00. The firm’s 50-day moving average is GBX 62.85 and its 200 day moving average is GBX 60.65. The company’s market capitalization is GBX 163.39 million.

In other news, insider Robert Gary Mesch sold 1,080,000 shares of CityFibre Infrastructure Holdings PLC stock in a transaction on Monday, October 10th. The stock was sold at an average price of GBX 60 ($0.74), for a total transaction of £648,000 ($801,980.20).

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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