City Office REIT with ticker code (CIO) now have 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 18 and 14 calculating the average target price we see 15.33. Now with the previous closing price of 11.29 this would indicate that there is a potential upside of 35.8%. The day 50 moving average is 12.9 and the 200 moving average now moves to 15.67. The company has a market cap of $472m. Company Website: https://www.cityofficereit.com
The potential market cap would be $641m 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).
