Freehold Royalties (TSE:FRU)‘s stock had its “market perform” rating reissued by investment analysts at Raymond James in a research report issued to clients and investors on Friday, BayStreet.CA reports. They presently have a C$8.50 price objective on the stock. Raymond James’ price target suggests a potential upside of 24.45% from the company’s previous close.
FRU has been the subject of several other reports. National Bank Financial decreased their target price on 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. Eight Capital raised their target price on Freehold Royalties from C$11.50 to C$11.65 in a research report on Friday, August 2nd. CIBC decreased their target price on Freehold Royalties from C$9.50 to C$9.00 in a research report on Tuesday, October 15th. TD Securities raised their target price on 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. Finally, Royal Bank of Canada decreased their target price on Freehold Royalties from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$10.64.
Shares of Freehold Royalties stock traded down C$0.01 during trading hours on Friday, hitting C$6.83. 454,700 shares of the company’s stock traded hands, compared to its average volume of 317,170. Freehold Royalties has a 12-month low of C$6.34 and a 12-month high of C$9.88. The stock has a market capitalization of $794.04 million and a price-to-earnings ratio of 1,366.00. The company has a fifty day simple moving average of C$6.90 and a 200-day simple moving average of C$7.80. The company has a debt-to-equity ratio of 15.10, a current ratio of 2.08 and a quick ratio of 2.08.
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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