Acumen Capital Analysts Give Freehold Royalties (TSE:FRU) a C$18.00 Price Target

Freehold Royalties (TSE:FRU) received a C$18.00 price target from analysts at Acumen Capital in a note issued to investors on Wednesday, BayStreet.CA reports. Acumen Capital’s price target would suggest a potential upside of 30.62% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets set a C$15.00 target price on Freehold Royalties and gave the company a “market perform” rating in a research report on Wednesday, March 13th. Canaccord Genuity Group lowered their target price on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Raymond James reduced their price objective on shares of Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research report on Friday, January 19th. CIBC cut their target price on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Finally, National Bankshares increased their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$17.55.

Freehold Royalties Price Performance

Shares of TSE:FRU opened at C$13.78 on Wednesday. The stock’s 50 day moving average is C$14.29 and its 200-day moving average is C$14.11. Freehold Royalties has a twelve month low of C$12.66 and a twelve month high of C$15.27. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49. The firm has a market capitalization of C$2.08 billion, a price-to-earnings ratio of 15.66, a PEG ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. The firm had revenue of C$80.06 million during the quarter. Sell-side analysts forecast that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

Insider Buying and Selling at Freehold Royalties

In other Freehold Royalties news, Senior Officer Ian C. Hantke bought 8,590 shares of Freehold Royalties stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of C$13.91 per share, for a total transaction of C$119,486.90. Insiders own 0.40% of the company’s stock.

About Freehold Royalties

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.