Freehold Royalties (TSE:FRU) Price Target Increased to C$18.00 by Analysts at National Bankshares

Freehold Royalties (TSE:FRU - Get Free Report) had its target price upped by equities researchers at National Bankshares from C$17.00 to C$18.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 25.87% from the stock's current price.

Other equities research analysts have also issued reports about the company. BMO Capital Markets set a C$15.00 price target on Freehold Royalties and gave the stock a "market perform" rating in a research note on Wednesday, March 13th. Canaccord Genuity Group decreased their price target on Freehold Royalties from C$19.50 to C$19.00 and set a "buy" rating for the company in a research note on Wednesday. CIBC decreased their target price on Freehold Royalties from C$16.75 to C$16.00 and set a "neutral" rating for the company in a research report on Tuesday, January 16th. Raymond James decreased their target price on Freehold Royalties from C$20.00 to C$17.50 and set an "outperform" rating for the company in a research report on Friday, January 19th. Finally, ATB Capital decreased their target price on Freehold Royalties from C$19.50 to C$19.00 in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$17.75.

Freehold Royalties Trading Up 0.8 %

Shares of FRU stock traded up C$0.11 on Friday, reaching C$14.30. 247,487 shares of the company's stock were exchanged, compared to its average volume of 348,032. 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 stock has a market capitalization of C$2.15 billion, a PE ratio of 16.25, a P/E/G ratio of -0.92 and a beta of 2.01. The company's fifty day simple moving average is C$14.22 and its 200 day simple moving average is C$14.13.

Freehold Royalties (TSE:FRU - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. The firm had revenue of C$80.06 million during the quarter. As a group, analysts forecast that Freehold Royalties will post 0.7581169 EPS for the current year.

About Freehold Royalties

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.