Freehold Royalties (TSE:FRU) PT Lowered to C$19.00

Freehold Royalties (TSE:FRU) had its target price lowered by stock analysts at Canaccord Genuity Group from C$19.50 to C$19.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 33.90% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets set a C$15.00 price objective on shares of Freehold Royalties and gave the company a “market perform” rating in a report on Wednesday, March 13th. Raymond James dropped their price objective on shares of Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Friday, January 19th. CIBC dropped their price objective on shares of Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th. National Bankshares lowered their target price on shares of Freehold Royalties from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Finally, ATB Capital lowered their target price on shares of Freehold Royalties from C$19.50 to C$19.00 in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Freehold Royalties currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.64.

Freehold Royalties Stock Performance

Shares of FRU opened at C$14.19 on Wednesday. The firm’s fifty day simple moving average is C$14.20 and its two-hundred day simple moving average is C$14.13. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.27. The stock has a market capitalization of C$2.14 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. The firm had revenue of C$80.06 million for the quarter. As a group, analysts predict that Freehold Royalties will post 0.7581169 EPS for the current year.

Freehold Royalties Company Profile

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.