Freehold Royalties (TSE:FRU) Rating Lowered to Hold at Raymond James Financial

Freehold Royalties (TSE:FRU) was downgraded by equities researchers at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a report released on Monday, MarketBeat Ratings reports. They presently have a C$18.00 target price on the stock, up from their prior target price of C$17.50. Raymond James Financial’s target price points to a potential upside of 3.63% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Royal Bank Of Canada cut shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and set a C$17.00 target price on the stock. in a research report on Friday, March 13th. Scotiabank raised their price target on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. TD Securities cut their price objective on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Desjardins decreased their price objective on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a research report on Friday, March 13th. Finally, National Bank Financial downgraded Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 target price for the company. in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Freehold Royalties presently has a consensus rating of “Hold” and an average target price of C$16.91.

Freehold Royalties Stock Performance

Shares of TSE:FRU opened at C$17.37 on Monday. The business’s 50-day simple moving average is C$17.13 and its 200 day simple moving average is C$15.45. The company has a market cap of C$2.85 billion, a P/E ratio of 31.02, a PEG ratio of -0.92 and a beta of 0.65. The company has a debt-to-equity ratio of 28.51, a quick ratio of 1.50 and a current ratio of 1.41. Freehold Royalties has a one year low of C$10.53 and a one year high of C$18.22.

Freehold Royalties (TSE:FRU) last released its quarterly earnings results on Wednesday, March 11th. The company reported C$0.31 earnings per share for the quarter. Freehold Royalties had a return on equity of 8.82% and a net margin of 29.28%.The firm had revenue of C$69.76 million during the quarter. On average, sell-side analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Insider Buying and Selling at Freehold Royalties

In related news, insider Colin Strem purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was acquired at an average price of C$17.37 per share, for a total transaction of C$69,480.00. Following the completion of the purchase, the insider owned 24,000 shares in the company, valued at approximately C$416,880. This represents a 20.00% increase in their ownership of the stock. Insiders own 0.45% of the company’s stock.

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.