City Office REIT found using ticker (CIO) have now 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 19.13 and 13.39 calculating the mean target price we have 16.74. Now with the previous closing price of 11.33 this would indicate that there is a potential upside of 47.7%. The 50 day MA is 14.15 while the 200 day moving average is 17.06. The company has a market capitalisation of $508m. Company Website: https://www.cityofficereit.com
The potential market cap would be $750m 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).
