Freehold Royalties (TSE:FRU) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Freehold Royalties Ltd. (TSE:FRU) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.29 and traded as high as C$16.35. Freehold Royalties shares last traded at C$16.18, with a volume of 960,257 shares traded.

Analysts Set New Price Targets

Several research firms have commented on FRU. National Bankshares downgraded Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$15.00 target price for the company. in a research report on Friday, January 9th. CIBC upped their price objective on Freehold Royalties from C$14.50 to C$15.25 in a research note on Friday, November 14th. Canaccord Genuity Group raised their price objective on shares of Freehold Royalties from C$16.00 to C$17.00 in a report on Friday, November 14th. Scotiabank boosted their target price on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Finally, Raymond James Financial upgraded shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$14.50 to C$17.50 in a research report on Tuesday, December 9th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$15.79.

Freehold Royalties Trading Down 1.2%

The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The company has a market cap of C$2.65 billion, a price-to-earnings ratio of 20.23, a PEG ratio of -0.92 and a beta of 0.60. The firm has a 50 day moving average price of C$15.36 and a two-hundred day moving average price of C$14.29.

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

About Freehold Royalties

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.