Freehold Royalties (TSE:FRU) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Freehold Royalties Ltd. (TSE:FRU) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.29 and traded as high as C$16.35. Freehold Royalties shares last traded at C$16.18, with a volume of 960,257 shares changing hands.

Wall Street Analyst Weigh In

FRU has been the subject of several research analyst reports. Scotiabank lifted their price objective on Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. CIBC raised their target price on Freehold Royalties from C$14.50 to C$15.25 in a research note on Friday, November 14th. Canaccord Genuity Group boosted their price target on Freehold Royalties from C$16.00 to C$17.00 in a research note on Friday, November 14th. Raymond James Financial upgraded Freehold Royalties from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from C$14.50 to C$17.50 in a report on Tuesday, December 9th. Finally, Natl Bk Canada lowered shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$15.79.

Freehold Royalties Price Performance

The business has a 50-day moving average of C$15.36 and a 200 day moving average of C$14.29. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The firm has a market capitalization of C$2.65 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of -0.92 and a beta of 0.60.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 EPS for the quarter. The firm 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%. On average, sell-side analysts predict that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current fiscal 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.