Freehold Royalties (TSE:FRU – Get Free Report) received a C$16.00 price target from equities researchers at CIBC in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 23.55% from the company’s previous close.
A number of other brokerages have also issued reports on FRU. Canaccord Genuity Group lowered their price target on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Raymond James upgraded Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Finally, Atb Cap Markets cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$17.28.
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Freehold Royalties Price Performance
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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