Freehold Royalties (TSE:FRU) Upgraded at BMO Capital Markets

Freehold Royalties (TSE:FRU) was upgraded by equities researchers at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on FRU. Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Canaccord Genuity Group cut their price target on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the company a “neutral” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$17.28.

Freehold Royalties Trading Up 0.1 %

FRU traded up C$0.01 during trading hours on Monday, reaching C$12.43. 103,898 shares of the company’s stock traded hands, compared to its average volume of 483,802. The firm has a 50-day moving average price of C$13.83 and a 200 day moving average price of C$13.78. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. Freehold Royalties has a 52-week low of C$12.39 and a 52-week high of C$14.84. The firm has a market capitalization of C$1.87 billion, a PE ratio of 12.43, a PEG ratio of -0.92 and a beta of 1.93.

About Freehold Royalties

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.