Freehold Royalties (TSE:FRU) Stock Rating Lowered by Natl Bk Canada

Freehold Royalties (TSE:FRU) was downgraded by equities research analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

FRU has been the topic of several other research reports. Raymond James Financial upgraded Freehold Royalties from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$14.50 to C$17.50 in a research note on Tuesday, December 9th. Canaccord Genuity Group upped their target price on Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. CIBC increased their target price on Freehold Royalties from C$14.50 to C$15.25 in a research note on Friday, November 14th. Finally, National Bankshares lowered shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$15.00 price target for the company. in a research note on Friday. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$15.75.

Freehold Royalties Stock Performance

Shares of FRU stock opened at C$15.03 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The company has a market cap of C$2.46 billion, a PE ratio of 18.79, a P/E/G ratio of -0.92 and a beta of 0.60. The company’s fifty day simple moving average is C$14.91 and its 200-day simple moving average is C$13.94. Freehold Royalties has a 52 week low of C$10.53 and a 52 week high of C$15.51.

Freehold Royalties (TSE:FRU) last announced its earnings results on Thursday, November 13th. The company reported C$0.21 EPS for the quarter. Freehold Royalties had a return on equity of 14.43% and a net margin of 42.42%.The business had revenue of C$74.36 million for the quarter. As a group, equities research analysts anticipate that Freehold Royalties will post 0.7581169 EPS for the current year.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.