Barclays PLC Raises Freehold Royalties Ltd (FRU) Price Target to C$15.00
Freehold Royalties Ltd (TSE:FRU) had its price objective boosted by analysts at Barclays PLC from C$14.00 to C$15.00 in a note issued to investors on Monday. Barclays PLC’s price objective indicates a potential downside of 2.85% from the company’s current price.
Several other equities analysts have also recently commented on FRU. Scotiabank lifted their target price on shares of Freehold Royalties from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 10th. CIBC lifted their target price on shares of Freehold Royalties from C$16.50 to C$17.50 in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$16.98.
Freehold Royalties (FRU) traded up 2.05% during mid-day trading on Monday, hitting $15.44. The company had a trading volume of 191,843 shares. The firm has a market capitalization of $1.82 billion and a PE ratio of 91.90. Freehold Royalties has a 12-month low of $11.68 and a 12-month high of $15.47. The company’s 50 day moving average price is $14.70 and its 200-day moving average price is $13.82.
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
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