CityFibre Infrastructure (CITY) Downgraded to sector perform at Royal Bank of Canada
Royal Bank of Canada cut shares of CityFibre Infrastructure (LON:CITY) to a sector perform rating in a research report sent to investors on Wednesday morning. They currently have GBX 81 ($1.13) target price on the stock, down from their previous target price of GBX 200 ($2.79).
Other equities analysts have also recently issued research reports about the company. Peel Hunt reiterated a buy rating and issued a GBX 100 ($1.39) target price on shares of CityFibre Infrastructure in a report on Tuesday, February 20th. Liberum Capital reiterated a buy rating and issued a GBX 80 ($1.12) target price on shares of CityFibre Infrastructure in a report on Tuesday, February 20th. FinnCap reiterated a corporate rating and issued a GBX 90 ($1.26) target price on shares of CityFibre Infrastructure in a report on Thursday, March 22nd. Finally, Barclays started coverage on CityFibre Infrastructure in a report on Friday, February 9th. They issued an equal weight rating and a GBX 50 ($0.70) target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 73.14 ($1.02).
Shares of CityFibre Infrastructure stock opened at GBX 79.60 ($1.11) on Wednesday. CityFibre Infrastructure has a one year low of GBX 40.20 ($0.56) and a one year high of GBX 71 ($0.99).
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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