Freehold Royalties (TSE:FRU) Given New C$14.00 Price Target at Raymond James

Freehold Royalties (TSE:FRU - Get Free Report) had its price objective lowered by equities researchers at Raymond James from C$16.00 to C$14.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Raymond James' target price suggests a potential upside of 24.44% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Desjardins increased their price target on Freehold Royalties from C$16.50 to C$17.00 and gave the stock a "buy" rating in a report on Friday, March 14th. CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the stock a "neutral" rating in a research note on Monday, December 16th. National Bankshares raised their price objective on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. BMO Capital Markets upgraded Freehold Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Finally, Scotiabank raised Freehold Royalties to a "hold" rating in a report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$16.43.

Freehold Royalties Stock Performance

FRU stock traded up C$0.07 during trading on Wednesday, hitting C$11.25. The company had a trading volume of 482,391 shares, compared to its average volume of 728,118. The firm has a 50-day moving average price of C$12.41 and a 200-day moving average price of C$13.15. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The firm has a market cap of C$1.69 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 1-year low of C$10.53 and a 1-year high of C$14.62.

Freehold Royalties Company Profile

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.