CityFibre Infrastructure (CITY) Stock Rating Reaffirmed by FinnCap
CityFibre Infrastructure (LON:CITY)‘s stock had its “corporate” rating restated by FinnCap in a report released on Thursday. They currently have a GBX 90 ($1.22) target price on the stock. FinnCap’s price objective suggests a potential upside of 57.34% from the company’s previous close.
A number of other analysts have also recently issued reports on CITY. Macquarie reissued an “outperform” rating and set a GBX 100 ($1.36) price objective on shares of CityFibre Infrastructure in a report on Monday, September 25th. Numis Securities reissued a “sell” rating and set a GBX 35 ($0.47) price objective on shares of CityFibre Infrastructure in a report on Wednesday, September 27th. Liberum Capital dropped their price objective on CityFibre Infrastructure from GBX 134 ($1.82) to GBX 80 ($1.08) and set a “buy” rating on the stock in a report on Thursday, September 28th. Finally, Peel Hunt reissued an “add” rating and set a GBX 62 ($0.84) price objective on shares of CityFibre Infrastructure in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. CityFibre Infrastructure presently has an average rating of “Hold” and a consensus target price of GBX 80 ($1.08).
Shares of CityFibre Infrastructure (LON:CITY) opened at GBX 57.20 ($0.78) on Thursday. The stock has a market capitalization of $371.23 and a PE ratio of -1,430.00. CityFibre Infrastructure has a 1-year low of GBX 41 ($0.56) and a 1-year high of GBX 71 ($0.96).
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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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