CityFibre Infrastructure Holdings Plc (CITY) Stock Rating Upgraded by Peel Hunt
CityFibre Infrastructure Holdings Plc (LON:CITY) was upgraded by equities researchers at Peel Hunt to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a GBX 52 ($0.68) price objective on the stock. Peel Hunt’s target price points to a potential downside of 16.13% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the stock. FinnCap restated a “corporate” rating and set a GBX 90 ($1.18) target price on shares of CityFibre Infrastructure Holdings Plc in a research note on Thursday. Numis Securities Ltd reaffirmed a “sell” rating on shares of CityFibre Infrastructure Holdings Plc in a report on Wednesday, October 4th. Liberum Capital cut their price objective on shares of CityFibre Infrastructure Holdings Plc from GBX 134 ($1.76) to GBX 80 ($1.05) and set a “buy” rating for the company in a report on Thursday, September 28th. Finally, Macquarie reaffirmed an “outperform” rating and set a GBX 100 ($1.32) price objective on shares of CityFibre Infrastructure Holdings Plc in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company 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, reaching GBX 62 ($0.82). 13,701,724 shares of the company’s stock were exchanged, 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)) EPS for the quarter. CityFibre Infrastructure Holdings Plc had a negative return on equity of 11.15% and a negative net margin of 65.52%. The firm had revenue of GBX 904 million for the quarter.
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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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