Freehold Royalties (TSE:FRU) Cut to Hold at Desjardins

Freehold Royalties (TSE:FRU) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a C$14.25 price objective on the stock, down from their previous price objective of C$15.00. Desjardins’ price target indicates a potential upside of 23.81% from the stock’s current price.

Several other research analysts also recently commented on the company. CIBC decreased their price objective on Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Scotiabank upgraded shares of Freehold Royalties to a “hold” rating in a research note on Wednesday, March 19th. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. National Bankshares increased their target price on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Raymond James lowered their price target on Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$16.04.

Freehold Royalties Price Performance

FRU traded up C$0.26 during midday trading on Tuesday, hitting C$11.51. The stock had a trading volume of 425,931 shares, compared to its average volume of 723,472. The company has a market cap of C$1.73 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. 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 1 year low of C$10.53 and a 1 year high of C$14.62. The business has a fifty day moving average of C$12.38 and a 200 day moving average of C$13.13.

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.