Freehold Royalties (TSE:FRU) PT Raised to C$18.00

Freehold Royalties (TSE:FRU) had its price target increased by equities research analysts at National Bankshares from C$17.00 to C$18.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 25.26% from the stock’s previous close.

Several other brokerages also recently weighed in on FRU. CIBC cut their price objective on shares of Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. ATB Capital cut their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 in a research report on Tuesday, January 2nd. Canaccord Genuity Group cut their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research report on Wednesday. Raymond James lowered their target price on shares of Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Finally, BMO Capital Markets set a C$15.00 target price on shares of Freehold Royalties and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Freehold Royalties presently has an average rating of “Moderate Buy” and a consensus price target of C$17.75.

Freehold Royalties Stock Up 1.3 %

TSE FRU traded up C$0.18 during trading hours on Friday, reaching C$14.37. 181,031 shares of the company traded hands, compared to its average volume of 347,129. The company has a 50 day moving average of C$14.20 and a two-hundred day moving average of C$14.13. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.27. The stock has a market capitalization of C$2.17 billion, a PE ratio of 16.32, a PEG ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. The company had revenue of C$80.06 million for the quarter. As a group, equities analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.