City Office REIT with ticker code (CIO) have now 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 18 and 14 calculating the mean target price we have 15.5. Given that the stocks previous close was at 12.85 this would indicate that there is a potential upside of 20.6%. There is a 50 day moving average of 12.99 and the 200 day moving average is 16.26. The market cap for the company is $568m. Visit the company website at: https://www.cityofficereit.com
The potential market cap would be $685m 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 (NRA).
