Freehold Royalties (TSE:FRU) PT Set at C$16.00 by CIBC

Freehold Royalties (TSE:FRUGet 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.

Get Our Latest Research Report on FRU

Freehold Royalties Price Performance

FRU traded down C$0.11 during trading hours on Monday, hitting C$12.95. The company’s stock had a trading volume of 742,635 shares, compared to its average volume of 475,306. The business’s 50-day moving average price is C$13.89 and its 200-day moving average price is C$13.79. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The stock has a market cap of C$1.95 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 12 month low of C$12.68 and a 12 month high of C$14.84.

Freehold Royalties Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Freehold Royalties (TSE:FRU)

Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.