Freehold Royalties (OTCMKTS:FRHLF) Price Target Increased to C$13.50 by Analysts at Scotiabank

Freehold Royalties (OTCMKTS:FRHLF) had its price target increased by Scotiabank from C$11.00 to C$13.50 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a “sector perform” rating on the stock.

FRHLF has been the subject of several other research reports. Desjardins boosted their price objective on Freehold Royalties from C$13.50 to C$15.00 and gave the stock a “buy” rating in a report on Friday, September 24th. TD Securities boosted their price objective on Freehold Royalties from C$12.50 to C$13.50 and gave the stock a “buy” rating in a report on Thursday, September 23rd. Royal Bank of Canada boosted their price objective on Freehold Royalties from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a report on Thursday, September 23rd. BMO Capital Markets boosted their price objective on Freehold Royalties from C$11.00 to C$12.00 and gave the stock a “market perform” rating in a report on Thursday, September 23rd. Finally, CIBC boosted their price objective on Freehold Royalties from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Thursday, September 23rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $12.65.

Shares of FRHLF remained flat at $$9.20 during midday trading on Thursday. The stock had a trading volume of 54,184 shares, compared to its average volume of 31,069. The stock’s 50 day moving average is $7.71 and its 200-day moving average is $7.31. Freehold Royalties has a 12-month low of $2.55 and a 12-month high of $9.59.

Freehold Royalties Company Profile

Freehold Royalties Ltd. operates as a dividend-paying oil and gas royalty company. The firm engages in acquiring and managing oil and gas royalties. Its production comes from royalty assets, which include mineral title and gross overriding royalties. The company was founded in 1996 and is headquartered in Calgary, Canada.

Featured Story: What are momentum indicators and what do they show?

The Fly logo

Analyst Recommendations for Freehold Royalties (OTCMKTS:FRHLF)

Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.