Freehold Royalties (TSE:FRU) Given a C$16.00 Price Target by CIBC Analysts

Freehold Royalties (TSE:FRU) has been assigned a C$16.00 price target by equities researchers at CIBC in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target points to a potential upside of 26.18% from the stock’s previous close.

FRU has been the topic of a number of other research reports. Canaccord Genuity Group dropped their price target on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Raymond James upgraded Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. Finally, Atb Cap Markets lowered Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Freehold Royalties presently has a consensus rating of “Hold” and an average price target of C$17.28.

Freehold Royalties Stock Down 2.1 %

FRU opened at C$12.68 on Monday. Freehold Royalties has a 1-year low of C$12.53 and a 1-year high of C$14.84. The stock’s fifty day simple moving average is C$13.89 and its 200 day simple moving average is C$13.79. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The stock has a market cap of C$1.91 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.

About Freehold Royalties

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.