CityFibre Infrastructure Holdings Plc (LON:CITY) Raised to “Buy” at Peel Hunt

Peel Hunt upgraded shares of CityFibre Infrastructure Holdings Plc (LON:CITY) to a buy rating in a research report sent to investors on Thursday. They currently have GBX 52 ($0.68) price target on the stock.

A number of other research firms have also weighed in on CITY. Liberum Capital reissued a buy rating and issued a GBX 138 ($1.82) target price on shares of CityFibre Infrastructure Holdings Plc in a research note on Thursday, July 27th. Macquarie reissued an outperform rating on shares of CityFibre Infrastructure Holdings Plc in a research note on Wednesday, September 6th. Numis Securities Ltd began coverage on CityFibre Infrastructure Holdings Plc in a research note on Tuesday, September 12th. They issued a sell rating for the company. Finally, FinnCap lowered their target price on CityFibre Infrastructure Holdings Plc from GBX 130 ($1.71) to GBX 90 ($1.18) and set a corporate rating for the company in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. CityFibre Infrastructure Holdings Plc currently has a consensus rating of Hold and a consensus price target of GBX 80.50 ($1.06).

CityFibre Infrastructure Holdings Plc (LON:CITY) traded up GBX 1.25 ($0.02) during midday trading on Thursday, hitting GBX 62 ($0.82). The stock had a trading volume of 13,701,724 shares, compared to its average volume of 755,001. CityFibre Infrastructure Holdings Plc has a 12 month low of GBX 41 ($0.54) and a 12 month high of GBX 71 ($0.93).

CityFibre Infrastructure Holdings Plc (LON:CITY) last released its earnings results on Thursday, September 28th. The company reported GBX (2) (($0.03)) earnings per share for the quarter. CityFibre Infrastructure Holdings Plc had a negative net margin of 65.52% and a negative return on equity of 11.15%. The company had revenue of GBX 904 million during the quarter.

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CityFibre Infrastructure Holdings Plc Company Profile

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.

Analyst Recommendations for CityFibre Infrastructure Holdings Plc (LON:CITY)

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