Freehold Royalties (TSE:FRU) Price Target Raised to C$15.25 at CIBC

Freehold Royalties (TSE:FRU) had its price target hoisted by CIBC from C$14.50 to C$15.25 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 4.17% from the stock’s current price.

Separately, National Bankshares boosted their price objective on shares of Freehold Royalties from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.05.

Freehold Royalties Price Performance

Shares of TSE:FRU traded up C$0.38 on Friday, hitting C$14.64. The company had a trading volume of 716,947 shares, compared to its average volume of 675,749. The company has a market cap of C$2.40 billion, a PE ratio of 19.26, a PEG ratio of -0.92 and a beta of 0.53. The business has a 50 day moving average of C$13.83 and a 200 day moving average of C$13.15. Freehold Royalties has a 52-week low of C$10.53 and a 52-week high of C$14.69. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$74.36 million during the quarter. Freehold Royalties had a net margin of 42.42% and a return on equity of 14.43%. As a group, equities analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

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.