Freehold Royalties (FRU) PT Lowered to C$14.00

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Freehold Royalties (TSE:FRU) had its price objective cut by investment analysts at Royal Bank of Canada from C$18.00 to C$14.00 in a report released on Tuesday. Royal Bank of Canada’s price target indicates a potential upside of 66.47% from the company’s current price.

Several other analysts have also recently issued reports on FRU. CIBC lowered their target price on shares of Freehold Royalties from C$15.50 to C$14.50 in a research note on Friday, October 5th. Cormark lowered their target price on shares of Freehold Royalties from C$18.50 to C$16.50 in a research note on Tuesday, October 9th. National Bank Financial lowered their target price on shares of Freehold Royalties from C$19.00 to C$18.50 and set an “outperform” rating on the stock in a research note on Thursday, October 18th. Canaccord Genuity lowered their target price on shares of Freehold Royalties from C$17.00 to C$15.50 in a research note on Wednesday, October 24th. Finally, TD Securities lowered their target price on shares of Freehold Royalties from C$18.50 to C$18.00 and set a “buy” rating on the stock in a research note on Thursday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$13.72.

TSE FRU opened at C$8.41 on Tuesday. Freehold Royalties has a 1 year low of C$7.68 and a 1 year high of C$14.85. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 11.46.

Freehold Royalties (TSE:FRU) last posted its earnings results on Wednesday, November 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.07. The firm had revenue of C$40.82 million during the quarter, compared to analysts’ expectations of C$43.20 million. Analysts predict that Freehold Royalties will post 0.31000000294887 earnings per share for the current year.

In related news, Director Marvin F. Romanow acquired 30,000 shares of the stock in a transaction dated Friday, December 7th. The shares were purchased at an average price of C$8.82 per share, for a total transaction of C$264,600.00. Also, insider Robert Edward Lamond acquired 3,300 shares of the stock in a transaction dated Monday, November 26th. The shares were bought at an average price of C$8.89 per share, for a total transaction of C$29,337.00. In the last 90 days, insiders have bought 45,800 shares of company stock worth $401,787.

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 6.1 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 42,000 wells and receives royalty from industry operators.

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Analyst Recommendations for Freehold Royalties (TSE:FRU)

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