City Office REIT found using ticker (CIO) now have 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 22 and 18 with the average target price sitting at 19.83. Given that the stocks previous close was at 15.69 this now indicates there is a potential upside of 26.4%. There is a 50 day moving average of 17.1 and the 200 day MA is 17.05. The company has a market cap of $688m. Visit the company website at: https://www.cityofficereit.com
The potential market cap would be $870m 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).
