Freehold Royalties (TSE:FRU) Price Target Cut to C$19.00 by Analysts at Canaccord Genuity Group

Freehold Royalties (TSE:FRU - Get Free Report) had its price objective cut by Canaccord Genuity Group from C$19.50 to C$19.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 33.33% from the company's current price.

A number of other equities analysts have also recently issued reports on FRU. National Bankshares cut their target price on shares of Freehold Royalties from C$20.00 to C$17.00 and set an "outperform" rating for the company in a research report on Wednesday, January 10th. ATB Capital cut their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 in a research report on Tuesday, January 2nd. CIBC cut their price objective on shares of 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 cut their price objective on shares of 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, BMO Capital Markets set a C$15.00 price objective on shares of Freehold Royalties and gave the company a "market perform" rating in a research report on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Freehold Royalties currently has a consensus rating of "Moderate Buy" and an average target price of C$17.64.

Freehold Royalties Price Performance

FRU traded down C$0.05 during midday trading on Wednesday, reaching C$14.25. 227,202 shares of the company's stock were exchanged, compared to its average volume of 351,782. The company has a debt-to-equity ratio of 13.49, a current ratio of 2.12 and a quick ratio of 1.50. The stock has a market capitalization of C$2.15 billion, a PE ratio of 16.19, a P/E/G ratio of -0.92 and a beta of 2.01. The business's 50-day moving average price is C$14.19 and its 200 day moving average price is C$14.14. Freehold Royalties has a 1-year low of C$12.66 and a 1-year high of C$15.27.

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

Freehold Royalties Company Profile

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.