Freehold Royalties (TSE:FRU) had its target price decreased by investment analysts at Royal Bank of Canada from C$18.00 to C$17.00 in a note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 35.89% from the stock’s previous close.
Several other research analysts have also recently weighed in on the company. Eight Capital decreased their target price on Freehold Royalties from C$17.75 to C$17.50 in a research note on Monday, November 13th. Canaccord Genuity raised their target price on Freehold Royalties from C$16.00 to C$17.00 in a research note on Monday, November 13th. National Bank Financial raised their target price on Freehold Royalties from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Finally, Raymond James Financial decreased their target price on Freehold Royalties from C$16.00 to C$15.50 and set an “outperform” rating for the company in a research note on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$17.06.
Shares of Freehold Royalties (FRU) traded up C$0.18 during mid-day trading on Monday, reaching C$12.51. The company had a trading volume of 249,010 shares, compared to its average volume of 255,122. Freehold Royalties has a fifty-two week low of C$11.71 and a fifty-two week high of C$16.41. The company has a market capitalization of $1,400.00, a PE ratio of 65.47 and a beta of 0.43.
Freehold Royalties Company Profile
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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