City Office REIT found using ticker (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 and has a mean target at 17.5. Given that the stocks previous close was at 12.95 this now indicates there is a potential upside of 35.1%. There is a 50 day moving average of 13.49 and the 200 day MA is 16.87. The market capitalisation for the company is $566m. You can visit the company’s website by visiting: https://www.cityofficereit.com
The potential market cap would be $765m 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).
