Freehold Royalties (TSE:FRU) Price Target Raised to C$16.00 at National Bankshares

Freehold Royalties (TSE:FRU) had its price objective lifted by National Bankshares from C$15.50 to C$16.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 24.80% from the company’s current price.

A number of other equities research analysts also recently commented on the company. BMO Capital Markets upgraded Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the company a “neutral” rating in a research note on Monday, December 16th. Canaccord Genuity Group cut their target price on shares of Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Finally, Raymond James raised shares of Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$16.71.

Freehold Royalties Price Performance

FRU stock traded up C$0.07 during midday trading on Thursday, reaching C$12.82. 208,349 shares of the company’s stock traded hands, compared to its average volume of 746,495. Freehold Royalties has a 1-year low of C$12.19 and a 1-year high of C$14.84. The company has a market cap of C$1.93 billion, a price-to-earnings ratio of 12.82, a PEG ratio of -0.92 and a beta of 1.93. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. The company has a 50-day simple moving average of C$13.23 and a two-hundred day simple moving average of C$13.61.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.17 earnings per share for the quarter. Freehold Royalties had a net margin of 46.41% and a return on equity of 16.17%. On average, analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share 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.