Freehold Royalties (TSE:FRU) PT Lowered to C$17.00 at Desjardins

Freehold Royalties (TSE:FRU) had its price objective dropped by investment analysts at Desjardins from C$17.25 to C$17.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 23.37% from the stock’s current price.

Several other research firms have also weighed in on FRU. National Bankshares raised their price objective on Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Raymond James dropped their price target on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Acumen Capital set a C$18.00 price objective on Freehold Royalties in a report on Wednesday. CIBC decreased their target price on shares of Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Finally, Canaccord Genuity Group cut their price target on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Freehold Royalties presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.55.

Freehold Royalties Price Performance

Shares of Freehold Royalties stock opened at C$13.78 on Wednesday. Freehold Royalties has a 52 week low of C$12.66 and a 52 week high of C$15.27. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49. The company’s 50-day moving average price is C$14.29 and its two-hundred day moving average price is C$14.11. The stock has a market cap of C$2.08 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last released its earnings results on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. The business had revenue of C$80.06 million for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. As a group, sell-side analysts anticipate that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

Insider Buying and Selling at Freehold Royalties

In other news, Senior Officer Ian C. Hantke acquired 8,590 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of C$13.91 per share, for a total transaction of C$119,486.90. Company insiders own 0.40% of the company’s stock.

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.