Freehold Royalties (TSE:FRU) was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a report released on Monday.
Several other equities analysts have also issued reports on FRU. Royal Bank of Canada cut their price objective on shares of Freehold Royalties from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a report on Monday. Raymond James Financial cut their price target on shares of Freehold Royalties from C$16.00 to C$15.50 and set an “outperform” rating on the stock in a report on Friday. National Bank Financial lifted their price target on shares of Freehold Royalties from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, Eight Capital cut their price target on shares of Freehold Royalties from C$17.75 to C$17.50 in a report on Monday, November 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$17.06.
Shares of Freehold Royalties (FRU) traded up C$0.18 during mid-day trading on Monday, reaching C$12.51. 224,658 shares of the company traded hands, compared to its average volume of 254,067. The stock has a market capitalization of $1,400.00, a price-to-earnings ratio of 65.47 and a beta of 0.43. Freehold Royalties has a 12 month low of C$11.71 and a 12 month high of C$16.41.
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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