FinnCap Reiterates Corporate Rating for CityFibre Infrastructure Holdings PLC (CITY)
CityFibre Infrastructure Holdings PLC (LON:CITY)‘s stock had its “corporate” rating restated by stock analysts at FinnCap in a report released on Tuesday. They currently have a GBX 130 ($1.61) price objective on the stock. FinnCap’s price objective points to a potential upside of 127.07% from the stock’s current price.
CITY has been the topic of a number of other reports. Macquarie assumed coverage on CityFibre Infrastructure Holdings PLC in a report on Monday, October 10th. They issued an “outperform” rating on the stock. Liberum Capital restated a “buy” rating and issued a GBX 138 ($1.71) target price on shares of CityFibre Infrastructure Holdings PLC in a report on Monday, September 26th. Beaufort Securities restated a “speculative buy” rating on shares of CityFibre Infrastructure Holdings PLC in a report on Monday, September 12th. Finally, Haitong Bank restated a “sell” rating on shares of CityFibre Infrastructure Holdings PLC in a report on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 134 ($1.66).
Shares of CityFibre Infrastructure Holdings PLC (LON:CITY) opened at 57.25 on Tuesday. The company’s 50 day moving average price is GBX 57.62 and its 200 day moving average price is GBX 60.91. The stock’s market capitalization is GBX 152.10 million. CityFibre Infrastructure Holdings PLC has a one year low of GBX 42.00 and a one year high of GBX 74.00.
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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 ($803,870.49).
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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