Freehold Royalties (TSE:FRU - Get Free Report) had its target price boosted by equities researchers at Desjardins from C$16.50 to C$17.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price target would suggest a potential upside of 33.96% from the company's previous close.
A number of other brokerages have also weighed in on FRU. National Bankshares lifted their price objective on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. CIBC set a C$16.00 price objective on Freehold Royalties and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, BMO Capital Markets upgraded Freehold Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$17.00.
View Our Latest Stock Analysis on FRU
Freehold Royalties Trading Down 0.2 %
Shares of FRU stock traded down C$0.02 during trading hours on Friday, reaching C$12.69. The company's stock had a trading volume of 469,434 shares, compared to its average volume of 711,491. The stock has a market capitalization of C$1.91 billion, a P/E ratio of 14.38, a P/E/G ratio of -0.92 and a beta of 1.93. Freehold Royalties has a one year low of C$11.80 and a one year high of C$14.84. The firm's fifty day simple moving average is C$12.73 and its 200 day simple moving average is C$13.32. 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
(
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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.
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