City Office REIT with ticker code (CIO) now have 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 23 and 18 with the average target price sitting at 20.83. Given that the stocks previous close was at 17.59 this indicates there is a potential upside of 18.4%. The 50 day MA is 17.81 and the 200 day moving average is 16.53. The market capitalisation for the company is $767m. Visit the company website at: https://www.cityofficereit.com
The potential market cap would be $908m based on the market concensus.
City Office REIT (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (ÂNRAÂ).
