Freehold Royalties (TSE:FRU) had its price target decreased by research analysts at Royal Bank of Canada from C$18.00 to C$17.00 in a research note issued on Monday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 36.99% from the company’s previous close.
FRU has been the topic of several other research reports. National Bank Financial lifted their price target on shares of Freehold Royalties from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Canaccord Genuity lifted their price target on shares of Freehold Royalties from C$16.00 to C$17.00 in a research report on Monday, November 13th. Eight Capital decreased their price target on shares of Freehold Royalties from C$17.75 to C$17.50 in a research report on Monday, November 13th. Finally, Raymond James Financial decreased their price target on shares of Freehold Royalties from C$16.00 to C$15.50 and set an “outperform” rating on the stock in a research report on Friday, March 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Freehold Royalties currently has an average rating of “Buy” and an average target price of C$17.06.
Freehold Royalties (TSE FRU) opened at C$12.41 on Monday. The stock has a market cap of $1,480.00, a P/E ratio of 124.10 and a beta of 0.43. Freehold Royalties has a 12-month low of C$11.71 and a 12-month high of C$16.41.
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
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