Freehold Royalties (TSE:FRU – Get Free Report) was downgraded by analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.
Separately, Scotiabank dropped their target price on Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$17.45.
Read Our Latest Analysis on FRU
Freehold Royalties Trading Up 0.9 %
Freehold Royalties (TSE:FRU – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.26 earnings per share for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. The company had revenue of C$84.50 million for the quarter. As a group, research analysts expect that Freehold Royalties will post 0.7581169 EPS for the current year.
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.
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