Freehold Royalties (TSE:FRU) had its target price decreased by Royal Bank of Canada from C$12.00 to C$11.00 in a report published on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
A number of other equities analysts have also weighed in on FRU. Eight Capital boosted their price objective on shares of Freehold Royalties from C$11.50 to C$11.65 in a research report on Friday, August 2nd. TD Securities boosted their price objective on shares of Freehold Royalties from C$14.00 to C$14.50 and gave the company a buy rating in a research report on Friday, August 2nd. Raymond James reissued a market perform rating and issued a C$9.00 price objective on shares of Freehold Royalties in a research report on Friday, August 2nd. National Bank Financial dropped their price target on shares of Freehold Royalties from C$10.50 to C$9.50 and set a sector perform rating for the company in a research report on Wednesday, October 2nd. Finally, CIBC dropped their price target on shares of Freehold Royalties from C$9.50 to C$9.00 in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of C$10.64.
Shares of Freehold Royalties stock traded down C$0.01 on Thursday, reaching C$6.83. 454,700 shares of the stock were exchanged, compared to its average volume of 317,170. Freehold Royalties has a 1-year low of C$6.34 and a 1-year high of C$9.88. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 15.10. The business has a fifty day moving average price of C$6.90 and a two-hundred day moving average price of C$7.80. The firm has a market capitalization of $794.04 million and a PE ratio of 1,366.00.
About Freehold Royalties
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.2 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 43,000 wells and receives royalty from 300 industry operators.
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