CityFibre Infrastructure Holdings Plc (CITY) Earns “Buy” Rating from Liberum Capital
Liberum Capital reiterated their buy rating on shares of CityFibre Infrastructure Holdings Plc (LON:CITY) in a research report report published on Thursday morning. Liberum Capital currently has a GBX 80 ($1.05) price objective on the stock.
Several other equities analysts have also recently weighed in on the company. Numis Securities Ltd initiated coverage on CityFibre Infrastructure Holdings Plc in a report on Tuesday, September 12th. They set a sell rating on the stock. Macquarie reissued an outperform rating on shares of CityFibre Infrastructure Holdings Plc in a report on Wednesday, September 6th. FinnCap reissued a corporate rating and set a GBX 90 ($1.18) price target on shares of CityFibre Infrastructure Holdings Plc in a report on Thursday. Finally, Peel Hunt initiated coverage on CityFibre Infrastructure Holdings Plc in a report on Thursday, August 24th. They set an add rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 80.50 ($1.06).
Shares of CityFibre Infrastructure Holdings Plc (CITY) traded up GBX 1.25 ($0.02) on Thursday, reaching GBX 62 ($0.82). The company’s stock had a trading volume of 13,701,724 shares, compared to its average volume of 755,001. CityFibre Infrastructure Holdings Plc has a 1-year low of GBX 41 ($0.54) and a 1-year high of GBX 71 ($0.93).
CityFibre Infrastructure Holdings Plc (LON:CITY) last released its quarterly earnings results on Thursday, September 28th. The company reported GBX (2) (($0.03)) earnings per share for the quarter. The firm had revenue of GBX 904 million for the quarter. CityFibre Infrastructure Holdings Plc had a negative net margin of 65.52% and a negative return on equity of 11.15%.
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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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