Freehold Royalties (TSE:FRU) Price Target Raised to C$17.00 at Desjardins

Freehold Royalties (TSE:FRU) had its price target lifted by Desjardins from C$16.50 to C$17.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 34.71% from the company’s current price.

Other equities analysts also recently issued reports about the company. CIBC set a C$16.00 price objective on Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday, December 16th. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Finally, National Bankshares boosted their target price on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Freehold Royalties currently has an average rating of “Moderate Buy” and a consensus price target of C$17.00.

Freehold Royalties Stock Up 2.6 %

Shares of TSE FRU traded up C$0.32 during midday trading on Friday, reaching C$12.62. 397,176 shares of the company’s stock were exchanged, compared to its average volume of 713,123. The stock has a market capitalization of C$1.90 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 52-week low of C$11.80 and a 52-week high of C$14.84. The business’s fifty day moving average price is C$12.76 and its two-hundred day moving average price is C$13.34. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65.

About Freehold Royalties

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.