City Office REIT, Inc. found using ticker (CIO) have now 5 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 14 and 8.5 with the average target price sitting at 11.3. Given that the stocks previous close was at 9.97 this would imply there is a potential upside of 13.3%. There is a 50 day moving average of 9.18 and the 200 day MA is 11.38. The market capitalisation for the company is $385m. Company Website: https://www.cityofficereit.com
The potential market cap would be $436m based on the market concensus.
City Office REIT, Inc. (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).
