Freehold Royalties (TSE:FRU) Price Target Raised to C$17.00

Freehold Royalties (TSE:FRU) had its price objective lifted by stock analysts at Desjardins from C$16.50 to C$17.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 34.81% from the company’s current price.

Other research analysts also recently issued reports about the stock. National Bankshares raised their price target on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. BMO Capital Markets raised shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Finally, CIBC set a C$16.00 price objective on shares of Freehold Royalties and gave the stock a “neutral” rating in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Freehold Royalties currently has an average rating of “Moderate Buy” and a consensus price target of C$17.00.

Freehold Royalties Stock Up 2.5 %

Shares of TSE:FRU opened at C$12.61 on Friday. The firm has a fifty day moving average price of C$12.75 and a two-hundred day moving average price of C$13.34. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. Freehold Royalties has a one year low of C$11.80 and a one year high of C$14.84. The company has a market cap of C$1.90 billion, a price-to-earnings ratio of 14.29, a PEG ratio of -0.92 and a beta of 1.93.

About Freehold Royalties

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.