Freehold Royalties (TSE:FRU) had its target price raised by National Bank Financial from C$10.00 to C$10.50 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other equities research analysts have also recently issued reports on the company. Royal Bank of Canada reduced their target price on Freehold Royalties from C$14.00 to C$13.00 in a report on Thursday, July 18th. Raymond James reduced their target price on Freehold Royalties from C$10.25 to C$9.00 in a report on Thursday, July 11th. Canaccord Genuity lifted their target price on Freehold Royalties from C$11.50 to C$12.00 in a report on Tuesday, April 9th. CIBC reduced their price objective on Freehold Royalties from C$11.00 to C$9.50 in a research note on Thursday, July 18th. Finally, Eight Capital reduced their price objective on Freehold Royalties from C$12.00 to C$11.50 in a research note on Wednesday, May 8th.
Shares of FRU stock traded up C$0.13 during trading hours on Friday, hitting C$8.10. The stock had a trading volume of 471,600 shares, compared to its average volume of 314,462. Freehold Royalties has a one year low of C$7.66 and a one year high of C$12.35. The company has a quick ratio of 1.77, a current ratio of 1.90 and a debt-to-equity ratio of 12.00. The business has a 50-day simple moving average of C$8.26. The stock has a market capitalization of $959.51 million and a PE ratio of 405.00.
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. It holds approximately 6.2 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 43,000 wells and receives royalty from 300 industry operators.
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