FinnCap Reiterates Corporate Rating for CityFibre Infrastructure Holdings PLC (CITY)
CityFibre Infrastructure Holdings PLC (LON:CITY)‘s stock had its “corporate” rating reaffirmed by stock analysts at FinnCap in a research report issued to clients and investors on Tuesday. They presently have a GBX 130 ($1.61) price objective on the stock. FinnCap’s price target suggests a potential upside of 127.07% from the stock’s current price.
Several other research firms also recently issued reports on CITY. Haitong Bank reaffirmed a “sell” rating on shares of CityFibre Infrastructure Holdings PLC in a report on Tuesday, September 27th. Liberum Capital reissued a “buy” rating and issued a GBX 138 ($1.71) price target on shares of CityFibre Infrastructure Holdings PLC in a research note on Monday, September 26th. Beaufort Securities reissued a “speculative buy” rating on shares of CityFibre Infrastructure Holdings PLC in a research note on Monday, September 12th. Finally, Macquarie initiated coverage on CityFibre Infrastructure Holdings PLC in a research note on Monday, October 10th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 134 ($1.66).
CityFibre Infrastructure Holdings PLC (LON:CITY) opened at 57.25 on Tuesday. The firm has a 50-day moving average price of GBX 57.62 and a 200-day moving average price of GBX 60.91. The stock’s market cap is GBX 152.10 million. CityFibre Infrastructure Holdings PLC has a 52 week low of GBX 42.00 and a 52 week high of GBX 74.00.
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In related news, insider Robert Gary Mesch sold 1,080,000 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of GBX 60 ($0.74), for a total transaction of £648,000 ($803,870.49).
CityFibre Infrastructure Holdings PLC Company Profile
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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