CityFibre Infrastructure (CITY) Receives “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of CityFibre Infrastructure (LON:CITY) in a research report report published on Monday morning. The brokerage currently has a GBX 100 ($1.35) price target on the stock.

Several other equities research analysts also recently weighed in on the company. Liberum Capital reaffirmed a buy rating and issued a GBX 80 ($1.08) target price on shares of CityFibre Infrastructure in a research report on Thursday, November 9th. FinnCap reiterated a corporate rating and issued a GBX 90 ($1.21) price target on shares of CityFibre Infrastructure in a research note on Thursday, November 9th. Numis Securities reiterated a sell rating and issued a GBX 30 ($0.40) price target on shares of CityFibre Infrastructure in a research note on Wednesday, October 4th. Finally, Macquarie reiterated an outperform rating and issued a GBX 100 ($1.35) price target on shares of CityFibre Infrastructure in a research note on Monday, September 25th. 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 company. The stock has an average rating of Hold and a consensus target price of GBX 80 ($1.08).

Shares of CityFibre Infrastructure (LON:CITY) remained flat at $GBX 59 ($0.79) during midday trading on Monday. The stock had a trading volume of 25,154 shares, compared to its average volume of 1,550,000. CityFibre Infrastructure has a 12 month low of GBX 41 ($0.55) and a 12 month high of GBX 71 ($0.96).

CityFibre Infrastructure (LON:CITY) last issued its earnings results on Thursday, September 28th. The company reported GBX (2) (($0.03)) earnings per share 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 during 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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