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 20 and 14 with the average target price sitting at 17. With the stocks previous close at 13.1 this would imply there is a potential upside of 29.8%. The day 50 moving average is 12.99 and the 200 day moving average is 16.63. The market cap for the company is $568m. Company Website: https://www.cityofficereit.com
The potential market cap would be $736m 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).
