CityFibre Infrastructure (CITY) Given Buy Rating at Peel Hunt
CityFibre Infrastructure (LON:CITY)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research note issued to investors on Monday. They presently have a GBX 100 ($1.34) price target on the stock. Peel Hunt’s price objective would indicate a potential upside of 69.49% from the company’s current price.
Several other brokerages have also issued reports on CITY. Liberum Capital boosted their target price on shares of CityFibre Infrastructure from GBX 80 ($1.07) to GBX 134 ($1.79) and gave the company a “buy” rating in a research report on Thursday, September 28th. Numis Securities restated a “sell” rating and set a GBX 30 ($0.40) target price on shares of CityFibre Infrastructure in a research report on Wednesday, October 4th. FinnCap boosted their target price on shares of CityFibre Infrastructure from GBX 90 ($1.21) to GBX 130 ($1.74) and gave the company a “corporate” rating in a research report on Thursday, September 28th. Finally, Macquarie reaffirmed an “outperform” rating and set a GBX 100 ($1.34) price target on shares of CityFibre Infrastructure in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 80 ($1.07).
Shares of CityFibre Infrastructure (CITY) opened at GBX 59 ($0.79) on Monday. CityFibre Infrastructure has a 12-month low of GBX 41 ($0.55) and a 12-month high of GBX 71 ($0.95).
CityFibre Infrastructure (LON:CITY) last announced its earnings results on Thursday, September 28th. The company reported GBX (2) (($0.03)) earnings per share (EPS) for the quarter. The business had revenue of GBX 904 million for the quarter. CityFibre Infrastructure had a negative net margin of 65.52% and a negative return on equity of 11.15%.
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About CityFibre Infrastructure
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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