Macquarie reiterated their outperform rating on shares of CityFibre Infrastructure (LON:CITY) in a report released on Wednesday morning. They currently have a GBX 100 ($1.34) price objective on the stock.
A number of other research firms have also recently weighed in on CITY. FinnCap boosted their price objective on shares of CityFibre Infrastructure from GBX 90 ($1.20) to GBX 130 ($1.74) and gave the company a corporate rating in a research report on Thursday, September 28th. Peel Hunt cut their price objective on shares of CityFibre Infrastructure from GBX 62 ($0.83) to GBX 52 ($0.70) and set an add rating on the stock in a research report on Wednesday, November 1st. Liberum Capital cut their price objective on shares of CityFibre Infrastructure from GBX 134 ($1.79) to GBX 80 ($1.07) and set a buy rating on the stock in a research report on Thursday, September 28th. Finally, Numis Securities started coverage on shares of CityFibre Infrastructure in a research report on Tuesday, September 12th. They set a sell rating and a GBX 35 ($0.47) price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 80 ($1.07).
CityFibre Infrastructure (LON:CITY) traded down GBX 2 ($0.03) during mid-day trading on Wednesday, reaching GBX 60 ($0.80). 500,773 shares of the company’s stock were exchanged, compared to its average volume of 157,878. CityFibre Infrastructure has a fifty-two week low of GBX 41 ($0.55) and a fifty-two week high of GBX 71 ($0.95). The company has a market capitalization of $379.59 and a PE ratio of -1,500.00.
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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