City Office REIT with ticker code (CIO) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 18 and 12 and has a mean target at 14.17. Given that the stocks previous close was at 9.94 this now indicates there is a potential upside of 42.6%. The 50 day MA is 11.04 while the 200 day moving average is 14.33. The market capitalisation for the company is $417m. Find out more information at: https://www.cityofficereit.com
The potential market cap would be $594m 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).
