Macquarie Reiterates Outperform Rating for CityFibre Infrastructure (CITY)

CityFibre Infrastructure (LON:CITY)‘s stock had its “outperform” rating restated by research analysts at Macquarie in a research report issued to clients and investors on Wednesday. They currently have a GBX 100 ($1.34) price objective on the stock. Macquarie’s target price would indicate a potential upside of 62.87% from the company’s previous close.

CITY has been the subject of a number of other research reports. Numis Securities started coverage on CityFibre Infrastructure in a research note on Tuesday, September 12th. They issued a “sell” rating and a GBX 35 ($0.47) price objective for the company. FinnCap dropped their price objective on CityFibre Infrastructure from GBX 130 ($1.74) to GBX 90 ($1.20) and set a “corporate” rating on the stock in a report on Thursday, September 28th. Peel Hunt lowered their target price on CityFibre Infrastructure from GBX 62 ($0.83) to GBX 52 ($0.70) and set an “add” rating on the stock in a report on Wednesday, November 1st. Finally, Liberum Capital lowered their target price on CityFibre Infrastructure from GBX 134 ($1.79) to GBX 80 ($1.07) and set a “buy” rating on the stock in a report on Thursday, September 28th. 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 company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 80 ($1.07).

Shares of CityFibre Infrastructure (LON:CITY) opened at GBX 61.40 ($0.82) on Wednesday. CityFibre Infrastructure has a 1-year low of GBX 41 ($0.55) and a 1-year high of GBX 71 ($0.95). The stock has a market capitalization of $388.45 and a P/E ratio of -1,535.00.

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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.

Analyst Recommendations for CityFibre Infrastructure (LON:CITY)

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