CityFibre Infrastructure Holdings PLC (CITY) Receives “Outperform” Rating from Macquarie

CityFibre Infrastructure Holdings PLC (LON:CITY)‘s stock had its “outperform” rating reaffirmed by stock analysts at Macquarie in a research report issued on Thursday. They currently have a GBX 100 ($1.29) target price on the stock. Macquarie’s price objective would indicate a potential upside of 116.22% from the company’s previous close.

A number of other research analysts have also recently weighed in on CITY. FinnCap reiterated a “corporate” rating and set a GBX 130 ($1.68) price objective on shares of CityFibre Infrastructure Holdings PLC in a research report on Friday, May 19th. Liberum Capital reiterated a “buy” rating and set a GBX 138 ($1.78) price objective on shares of CityFibre Infrastructure Holdings PLC in a research report on Thursday, July 27th. Peel Hunt initiated coverage on shares of CityFibre Infrastructure Holdings PLC in a research report on Thursday, August 24th. They set an “add” rating on the stock. Finally, Numis Securities Ltd initiated coverage on shares of CityFibre Infrastructure Holdings PLC in a research report on Tuesday. They set a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 122.67 ($1.58).

Shares of CityFibre Infrastructure Holdings PLC (LON:CITY) opened at 46.25 on Thursday. The stock has a 50 day moving average of GBX 53.65 and a 200 day moving average of GBX 57.36. CityFibre Infrastructure Holdings PLC has a 52-week low of GBX 42.00 and a 52-week high of GBX 71.00. The stock’s market capitalization is GBX 122.87 million.

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About CityFibre Infrastructure Holdings PLC

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 Holdings PLC (LON:CITY)

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