Freehold Royalties (TSE:FRU) Price Target Raised to C$20.00

Freehold Royalties (TSE:FRUGet Rating) had its price target hoisted by National Bankshares from C$19.00 to C$20.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 20.85% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. CIBC increased their price target on shares of Freehold Royalties from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research note on Wednesday. Scotiabank increased their price target on shares of Freehold Royalties from C$18.00 to C$19.00 in a research note on Thursday, October 13th. Canaccord Genuity Group increased their price target on shares of Freehold Royalties from C$19.50 to C$20.00 in a research note on Wednesday. BMO Capital Markets increased their price target on shares of Freehold Royalties from C$16.50 to C$18.00 in a research note on Wednesday. Finally, Haywood Securities cut their price target on shares of Freehold Royalties from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$19.36.

Freehold Royalties Stock Performance

Shares of FRU opened at C$16.55 on Wednesday. The company has a debt-to-equity ratio of 9.46, a quick ratio of 2.11 and a current ratio of 2.54. The company has a market capitalization of C$2.49 billion and a price-to-earnings ratio of 15.06. The company’s 50 day simple moving average is C$15.60 and its 200 day simple moving average is C$14.71. Freehold Royalties has a 1 year low of C$10.03 and a 1 year high of C$17.78.

Insider Transactions at Freehold Royalties

In other Freehold Royalties news, Senior Officer David Warren Hendry acquired 5,000 shares of the company’s stock in a transaction dated Friday, September 23rd. The stock was bought at an average price of C$13.45 per share, with a total value of C$67,250.00. Following the completion of the transaction, the insider now directly owns 30,000 shares of the company’s stock, valued at C$403,500.

Freehold Royalties Company Profile

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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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Analyst Recommendations for Freehold Royalties (TSE:FRU)

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