Peel Hunt Reaffirms Buy Rating for CityFibre Infrastructure (CITY)
CityFibre Infrastructure (LON:CITY)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research note issued on Wednesday. They presently have a GBX 100 ($1.34) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 58.35% from the company’s current price.
Several other brokerages have also recently commented on CITY. Macquarie reiterated an “outperform” rating and issued a GBX 100 ($1.34) price objective on shares of CityFibre Infrastructure in a research note on Wednesday. Liberum Capital raised their price objective 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 note on Thursday, September 28th. Numis Securities reiterated a “sell” rating and issued a GBX 30 ($0.40) price objective on shares of CityFibre Infrastructure in a research note on Wednesday, October 4th. Finally, FinnCap raised their price objective on shares of CityFibre Infrastructure from GBX 90 ($1.20) to GBX 130 ($1.74) and gave the company a “corporate” rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 80 ($1.07).
Shares of CityFibre Infrastructure (CITY) opened at GBX 63.15 ($0.84) on Wednesday. CityFibre Infrastructure has a 52 week low of GBX 41 ($0.55) and a 52 week high of GBX 71 ($0.95). The company has a market cap of $399.33 and a PE ratio of -1,578.75.
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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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