City Office REIT with ticker code (CIO) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 18 and 12 with the average target price sitting at 14.17. With the stocks previous close at 10.44 this would indicate that there is a potential upside of 35.7%. The day 50 moving average is 10.57 and the 200 moving average now moves to 13.86. The company has a market cap of $418m. Company Website: https://www.cityofficereit.com
The potential market cap would be $567m 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).
