FinnCap Reiterates Corporate Rating for CityFibre Infrastructure (CITY)

CityFibre Infrastructure (LON:CITY)‘s stock had its “corporate” rating reiterated by FinnCap in a research note issued to investors on Thursday. They presently have a GBX 90 ($1.22) price target on the stock. FinnCap’s price target would suggest a potential upside of 57.89% from the stock’s current price.

A number of other research analysts have also recently issued reports on CITY. Peel Hunt reissued an “add” rating and set a GBX 62 ($0.84) price objective on shares of CityFibre Infrastructure in a report on Friday, September 29th. Numis Securities reissued a “sell” rating and set a GBX 35 ($0.47) price objective on shares of CityFibre Infrastructure in a report on Wednesday, September 27th. Macquarie reissued an “outperform” rating and set a GBX 100 ($1.36) price objective on shares of CityFibre Infrastructure in a report on Wednesday, January 3rd. Finally, Liberum Capital lifted their price objective on CityFibre Infrastructure from GBX 80 ($1.08) to GBX 134 ($1.82) and gave the company a “buy” rating in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 80 ($1.08).

Shares of CityFibre Infrastructure (LON CITY) remained flat at $GBX 57 ($0.77) during midday trading on Thursday. 1,928,389 shares of the company’s stock traded hands, compared to its average volume of 223,538. The company has a market capitalization of $367.25 and a P/E ratio of -1,425.00. CityFibre Infrastructure has a 12 month low of GBX 41 ($0.56) and a 12 month high of GBX 71 ($0.96).

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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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