City Office REIT with ticker code (CIO) now have 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 20 and 14 calculating the average target price we see 17.5. Given that the stocks previous close was at 13.61 this is indicating there is a potential upside of 28.6%. The 50 day moving average now sits at 15.89 and the 200 day moving average is 17.2. The company has a market cap of $575m. Find out more information at: https://www.cityofficereit.com
The potential market cap would be $740m 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).
