Freehold Royalties Ltd. (FRU) PT Raised to C$17.00 at Canaccord Genuity

Freehold Royalties Ltd. (TSE:FRU) had its price objective upped by Canaccord Genuity from C$16.00 to C$17.00 in a research report issued to clients and investors on Monday. Canaccord Genuity’s price target points to a potential upside of 5.99% from the company’s current price.

Several other research firms also recently commented on FRU. Eight Capital dropped their target price on Freehold Royalties from C$17.75 to C$17.50 in a report on Monday. National Bank Financial boosted their price target on Freehold Royalties from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Friday. Raymond James Financial, Inc. boosted their price target on Freehold Royalties from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research note on Friday. Barclays PLC boosted their price target on Freehold Royalties from C$14.00 to C$15.00 in a research note on Monday, October 30th. Finally, CIBC boosted their price target on Freehold Royalties from C$16.50 to C$17.50 in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$16.98.

Freehold Royalties (FRU) traded up C$0.24 during trading on Monday, reaching C$16.04. The company’s stock had a trading volume of 216,513 shares, compared to its average volume of 228,684. Freehold Royalties has a twelve month low of C$11.68 and a twelve month high of C$16.41.

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Freehold Royalties Company Profile

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.

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