Freehold Royalties (TSE:FRU) had its price target increased by research analysts at Scotiabank from C$11.00 to C$13.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 16.28% from the stock’s previous close.
Other analysts have also issued research reports about the company. National Bankshares set a C$13.00 price objective on Freehold Royalties and gave the stock an “outperform” rating in a report on Thursday, September 23rd. CIBC upped their price objective on Freehold Royalties from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Thursday, September 23rd. National Bank Financial reiterated an “outperform” rating and issued a C$11.50 target price on shares of Freehold Royalties in a research report on Thursday, September 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Freehold Royalties in a research note on Friday, September 24th. Finally, Acumen Capital increased their price objective on Freehold Royalties to C$12.75 in a research note on Thursday, August 12th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$12.56.
TSE:FRU traded up C$0.16 during trading hours on Thursday, reaching C$11.61. 282,676 shares of the company traded hands, compared to its average volume of 518,899. The business’s 50-day moving average price is C$9.72 and its two-hundred day moving average price is C$9.10. The stock has a market capitalization of C$1.75 billion and a P/E ratio of 78.98. Freehold Royalties has a 1 year low of C$3.56 and a 1 year high of C$11.70. The company has a current ratio of 4.55, a quick ratio of 3.15 and a debt-to-equity ratio of 11.19.
About Freehold Royalties
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada and the United States. The company holds approximately 6.7 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 11,000 producing wells and receives royalty from 300 industry operators.
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