Peel Hunt Reiterates “Buy” Rating for CityFibre Infrastructure (CITY)
CityFibre Infrastructure (LON:CITY)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 100 ($1.35) target price on the stock. Peel Hunt’s price objective indicates a potential upside of 72.41% from the company’s current price.
Several other brokerages have also recently weighed in on CITY. Liberum Capital upped their price target on shares of CityFibre Infrastructure from GBX 80 ($1.08) to GBX 134 ($1.80) and gave the stock a “buy” rating in a research report on Thursday, September 28th. Numis Securities reiterated a “sell” rating and set a GBX 30 ($0.40) price objective on shares of CityFibre Infrastructure in a research note on Wednesday, October 4th. FinnCap boosted their price objective on shares of CityFibre Infrastructure from GBX 90 ($1.21) to GBX 130 ($1.75) and gave the stock a “corporate” rating in a research note on Thursday, September 28th. Finally, Macquarie reiterated an “outperform” rating and set a GBX 100 ($1.35) price objective on shares of CityFibre Infrastructure in a research note on Monday, September 25th. One equities 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 company. CityFibre Infrastructure has a consensus rating of “Hold” and an average target price of GBX 80 ($1.08).
Shares of CityFibre Infrastructure (LON:CITY) opened at GBX 58 ($0.78) on Monday. CityFibre Infrastructure has a 52-week low of GBX 41 ($0.55) and a 52-week high of GBX 71 ($0.96).
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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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