City Office REIT Coverage Initiated at Oppenheimer (CIO)
Research analysts at Oppenheimer started coverage on shares of City Office REIT (NYSE:CIO) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $15.00 price target on the stock. Oppenheimer’s price objective indicates a potential upside of 20.39% from the company’s current price.
City Office REIT (NYSE:CIO) opened at 12.46 on Monday. City Office REIT has a 52 week low of $12.25 and a 52 week high of $12.60. The stock’s 50-day moving average is $12.4 and its 200-day moving average is $12.4. The company’s market cap is $99.8 million.
City Office REIT, Inc is formed to acquire, own and operate office properties located within its specified target markets in the United States.
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