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 14 calculating the mean target price we have 15.17. Now with the previous closing price of 9.97 this would indicate that there is a potential upside of 52.2%. There is a 50 day moving average of 12.09 and the 200 moving average now moves to 15.01. The market capitalisation for the company is $417m. Company Website: https://www.cityofficereit.com
The potential market cap would be $634m 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).
