CIBC Boosts Freehold Royalties (FRU) Price Target to C$16.50

Freehold Royalties (TSE:FRU) had its target price hoisted by equities research analysts at CIBC from C$16.00 to C$16.50 in a note issued to investors on Tuesday. CIBC’s target price would indicate a potential upside of 33.50% from the stock’s current price.

A number of other equities research analysts also recently weighed in on FRU. National Bank Financial raised their price target on shares of Freehold Royalties from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Raymond James Financial reduced their price target on shares of Freehold Royalties from C$16.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Friday, March 9th. Royal Bank of Canada reduced their price target on shares of Freehold Royalties from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Monday, March 12th. Finally, Canaccord Genuity upgraded shares of Freehold Royalties from a “hold” rating to a “buy” rating in a research note on Monday, March 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Freehold Royalties has an average rating of “Buy” and an average price target of C$16.94.

How to Become a New Pot Stock Millionaire

Freehold Royalties (FRU) traded up C$0.23 during mid-day trading on Tuesday, reaching C$12.36. 327,295 shares of the company’s stock traded hands, compared to its average volume of 251,209. Freehold Royalties has a 52-week low of C$11.71 and a 52-week high of C$16.41. The company has a market cap of $1,470.00, a price-to-earnings ratio of 123.50 and a beta of 0.43.

Freehold Royalties (TSE:FRU) last released its earnings results on Thursday, March 8th. The company reported C$0.07 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.04. Freehold Royalties had a negative net margin of 21.07% and a negative return on equity of 3.83%. The firm had revenue of C$38.24 million for the quarter, compared to analyst estimates of C$34.90 million.

TRADEMARK VIOLATION NOTICE: This article was first reported by Stock Observer and is owned by of Stock Observer. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.thestockobserver.com/2018/03/20/cibc-boosts-freehold-royalties-fru-price-target-to-c16-50.html.

About Freehold Royalties

Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.

Analyst Recommendations for Freehold Royalties (TSE:FRU)

Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply