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 24 and 19 calculating the mean target price we have 21.83. Now with the previous closing price of 20.05 this would indicate that there is a potential upside of 8.9%. There is a 50 day moving average of 18.65 and the 200 moving average now moves to 15.15. The market capitalisation for the company is $871m. Find out more information at: https://www.cityofficereit.com
The potential market cap would be $948m 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 (ÂNRAÂ).
