City Office REIT, Inc. with ticker code (CIO) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 14 and 11 with the average target price sitting at 12.5. Given that the stocks previous close was at 9.38 this is indicating there is a potential upside of 33.3%. There is a 50 day moving average of 9.86 and the 200 day MA is 12.91. The market capitalisation for the company is $367m. Visit the company website at: https://www.cityofficereit.com
The potential market cap would be $489m 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).
