CityFibre Infrastructure Holdings Plc (CITY) Lifted to “Buy” at Peel Hunt

Peel Hunt upgraded shares of CityFibre Infrastructure Holdings Plc (LON:CITY) to a buy rating in a report released on Thursday. They currently have GBX 52 ($0.68) price objective on the stock.

Several other brokerages have also weighed in on CITY. Numis Securities Ltd reissued a sell rating on shares of CityFibre Infrastructure Holdings Plc in a report on Wednesday, September 27th. Liberum Capital decreased their price objective on 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. Macquarie reissued an outperform rating on shares of CityFibre Infrastructure Holdings Plc in a report on Wednesday, September 6th. Finally, FinnCap decreased their price objective on CityFibre Infrastructure Holdings Plc from GBX 130 ($1.71) to GBX 90 ($1.18) and set a corporate rating for the company in a report on Thursday, September 28th. One equities research 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. CityFibre Infrastructure Holdings Plc has an average rating of Hold and an average target price of GBX 80.50 ($1.06).

Shares of CityFibre Infrastructure Holdings Plc (LON CITY) traded down GBX 1 ($0.01) during mid-day trading on Thursday, hitting GBX 61 ($0.80). 2,259,664 shares of the stock were exchanged, compared to its average volume of 755,001. CityFibre Infrastructure Holdings Plc has a twelve month low of GBX 41 ($0.54) and a twelve month high of GBX 71 ($0.93).

CityFibre Infrastructure Holdings Plc (LON:CITY) last issued its earnings results on Thursday, September 28th. The company reported GBX (2) (($0.03)) earnings per share (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 during 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.

Analyst Recommendations for CityFibre Infrastructure Holdings Plc (LON:CITY)

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