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

Freehold Royalties (TSE:FRU) had its target price lifted by investment analysts at Scotiabank from C$15.00 to C$16.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential downside of 0.12% from the stock’s current price.

FRU has been the subject of several other research reports. National Bankshares cut Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$15.00 price target for the company. in a research note on Friday, January 9th. Natl Bk Canada downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. CIBC raised their price target on shares of Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. Raymond James Financial upgraded shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$14.50 to C$17.50 in a research report on Tuesday, December 9th. Finally, Canaccord Genuity Group increased their price objective on shares of Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Freehold Royalties has a consensus rating of “Hold” and an average price target of C$15.79.

Freehold Royalties Price Performance

FRU stock opened at C$16.02 on Tuesday. The company has a market capitalization of C$2.63 billion, a P/E ratio of 20.03, a PEG ratio of -0.92 and a beta of 0.60. The company has a fifty day moving average price of C$15.12 and a 200-day moving average price of C$14.09. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65. Freehold Royalties has a 52-week low of C$10.53 and a 52-week high of C$16.06.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$74.36 million during the quarter. Freehold Royalties had a return on equity of 14.43% and a net margin of 42.42%. As a group, equities analysts expect that Freehold Royalties will post 0.7581169 EPS for the current 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.