Freehold Royalties (TSE:FRU) Sets New 52-Week High – Should You Buy?

Freehold Royalties Ltd. (TSE:FRU) shares reached a new 52-week high on Tuesday . The company traded as high as C$17.05 and last traded at C$16.97, with a volume of 95830 shares trading hands. The stock had previously closed at C$16.86.

Analysts Set New Price Targets

A number of equities research analysts have commented on FRU shares. Scotiabank raised their price target on Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Canadian Imperial Bank of Commerce lifted their target price on Freehold Royalties from C$14.50 to C$15.25 in a research note on Friday, November 14th. Raymond James Financial upgraded Freehold Royalties from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$14.50 to C$17.50 in a research note on Tuesday, December 9th. Canaccord Genuity Group lifted their price objective on shares of Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. Finally, National Bank Financial downgraded shares of Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 target price on the stock. in a report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$15.79.

Freehold Royalties Stock Performance

The stock has a market capitalization of C$2.78 billion, a PE ratio of 21.18, a PEG ratio of -0.92 and a beta of 0.68. The business’s 50 day moving average is C$15.68 and its 200 day moving average is C$14.52. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91.

About Freehold Royalties

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.