City Office REIT found using ticker (CIO) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 24 and 19 with the average target price sitting at 21.83. Now with the previous closing price of 17.34 this is indicating there is a potential upside of 25.9%. The 50 day moving average now sits at 18.52 and the 200 day MA is 15.46. The company has a market capitalisation of $777m. Company Website: https://www.cityofficereit.com
The potential market cap would be $978m 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).
