Freehold Royalties (TSE:FRU) Given a C$18.00 Price Target by Acumen Capital Analysts

Freehold Royalties (TSE:FRU) received a C$18.00 price objective from analysts at Acumen Capital in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Acumen Capital’s price target would suggest a potential upside of 30.62% from the company’s previous close.

FRU has been the subject of a number of other reports. CIBC decreased their target price on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. Raymond James cut their target price on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Friday, January 19th. National Bankshares increased their price objective on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Canaccord Genuity Group reduced their target price on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, BMO Capital Markets set a C$15.00 price target on shares of Freehold Royalties and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$17.55.

Freehold Royalties Stock Down 1.6 %

FRU stock opened at C$13.78 on Wednesday. The company has a market capitalization of C$2.08 billion, a P/E ratio of 15.66, a PEG ratio of -0.92 and a beta of 2.01. The firm has a 50 day simple moving average of C$14.29 and a 200-day simple moving average of C$14.11. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49. Freehold Royalties has a twelve month low of C$12.66 and a twelve month high of C$15.27.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. The firm had revenue of C$80.06 million for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. On average, equities research analysts predict that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Insider Activity at Freehold Royalties

In other Freehold Royalties news, Senior Officer Ian C. Hantke purchased 8,590 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of C$13.91 per share, with a total value of C$119,486.90. Company insiders own 0.40% of the company’s stock.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.