CityFibre Infrastructure (CITY) Rating Reiterated by FinnCap
CityFibre Infrastructure (LON:CITY)‘s stock had its “corporate” rating reaffirmed by FinnCap in a research note issued to investors on Thursday. They presently have a GBX 90 ($1.21) price objective on the stock. FinnCap’s target price points to a potential upside of 52.54% from the company’s previous close.
Several other equities analysts also recently commented on CITY. Peel Hunt started coverage on CityFibre Infrastructure in a research report on Thursday, August 24th. They issued an “add” rating and a GBX 62 ($0.83) target price on the stock. Macquarie reaffirmed an “outperform” rating on shares of CityFibre Infrastructure in a research report on Wednesday, September 6th. Numis Securities started coverage on CityFibre Infrastructure in a research report on Tuesday, September 12th. They issued a “sell” rating and a GBX 35 ($0.47) target price on the stock. Finally, Liberum Capital decreased their target price on CityFibre Infrastructure from GBX 134 ($1.80) to GBX 80 ($1.08) and set a “buy” rating on the stock in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 80 ($1.08).
Shares of CityFibre Infrastructure (CITY) opened at GBX 59 ($0.79) on Thursday. CityFibre Infrastructure has a twelve month low of GBX 41 ($0.55) and a twelve month high of GBX 71 ($0.96).
CityFibre Infrastructure (LON:CITY) last released its earnings results on Thursday, September 28th. The company reported GBX (2) (($0.03)) earnings per share (EPS) for the quarter. CityFibre Infrastructure had a negative return on equity of 11.15% and a negative net margin of 65.52%. The company had revenue of GBX 904 million for the quarter.
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About CityFibre Infrastructure
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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