Freehold Royalties (TSE:FRU) Downgraded to “Hold” Rating by Natl Bk Canada

Freehold Royalties (TSE:FRU) was downgraded by equities research analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. Raymond James Financial raised Freehold Royalties from a “hold” rating to a “moderate buy” rating and increased their price target for the company from C$14.50 to C$17.50 in a research report on Tuesday, December 9th. Canaccord Genuity Group upped their target price on shares of Freehold Royalties from C$16.00 to C$17.00 in a research note on Friday, November 14th. National Bankshares downgraded shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$15.00 price target for the company. in a research note on Friday. Finally, CIBC boosted their price target on shares of Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$15.75.

Freehold Royalties Stock Performance

Shares of FRU stock opened at C$15.03 on Friday. The firm has a 50 day moving average of C$14.91 and a two-hundred day moving average of C$13.93. The stock has a market capitalization of C$2.46 billion, a PE ratio of 18.79, a P/E/G ratio of -0.92 and a beta of 0.60. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. Freehold Royalties has a 52 week low of C$10.53 and a 52 week high of C$15.51.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$74.36 million for the quarter. Freehold Royalties had a return on equity of 14.43% and a net margin of 42.42%. On average, research analysts predict that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

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. The majority of its revenue is generated from Canada Segment.