Freehold Royalties (TSE:FRU) Price Target Raised to C$16.00 at Scotiabank

Freehold Royalties (TSE:FRU) had its target price hoisted by equities researchers at Scotiabank from C$15.00 to C$16.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 1.78% from the company’s current price.

A number of other research firms have also recently weighed in on FRU. CIBC lifted their price objective on shares of Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. National Bankshares cut Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$15.00 target price on the stock. in a research report on Friday, January 9th. Raymond James Financial raised Freehold Royalties from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$14.50 to C$17.50 in a report on Tuesday, December 9th. Canaccord Genuity Group increased their price target on Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. Finally, Natl Bk Canada cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$15.79.

Freehold Royalties Stock Performance

FRU stock traded down C$0.06 during trading on Tuesday, hitting C$15.72. 556,235 shares of the company traded hands, compared to its average volume of 725,002. Freehold Royalties has a 1 year low of C$10.53 and a 1 year high of C$15.97. The company has a market cap of C$2.58 billion, a PE ratio of 19.65, a P/E/G ratio of -0.92 and a beta of 0.60. The stock’s 50-day simple moving average is C$15.07 and its 200 day simple moving average is C$14.06. 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 (TSE:FRU) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$74.36 million for the quarter. Freehold Royalties had a net margin of 42.42% and a return on equity of 14.43%. On average, equities analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Company Profile

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.