Shares of Freehold Royalties Ltd. (TSE:FRU – Get Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.89 and traded as low as C$12.77. Freehold Royalties shares last traded at C$13.29, with a volume of 730,963 shares trading hands.
Several brokerages have recently weighed in on FRU. Acumen Capital decreased their price target on Freehold Royalties from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Wednesday, May 11th. Raymond James set a C$20.00 target price on Freehold Royalties and gave the company an “outperform” rating in a research report on Thursday, May 12th. Scotiabank upped their target price on Freehold Royalties from C$17.00 to C$18.00 in a research report on Wednesday, June 8th. CIBC upped their target price on Freehold Royalties from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, March 3rd. Finally, National Bankshares cut their target price on Freehold Royalties from C$19.50 to C$18.00 in a research report on Thursday, April 14th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Freehold Royalties presently has a consensus rating of “Buy” and an average price target of C$17.15.
The firm has a fifty day simple moving average of C$15.15 and a 200-day simple moving average of C$13.89. The firm has a market cap of C$2.00 billion and a P/E ratio of 17.94. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.30 and a quick ratio of 1.85.
About Freehold Royalties (TSE:FRU)
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company holds approximately 6.2 million gross acres of land in Canada and 0.8 million gross drilling unit acres in the United States.
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