Freehold Royalties (TSE:FRU) Hits New 12-Month High – What’s Next?

Freehold Royalties Ltd. (TSE:FRU) reached a new 52-week high on Tuesday . The stock traded as high as C$17.05 and last traded at C$16.97, with a volume of 95830 shares trading hands. The stock had previously closed at C$16.86.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FRU shares. Scotiabank increased their price objective on Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. National Bank Financial cut Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 target price for the company. in a research report on Friday, January 9th. Canadian Imperial Bank of Commerce lifted their price target on shares of Freehold Royalties from C$14.50 to C$15.25 in a research report on Friday, November 14th. Raymond James Financial raised shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$14.50 to C$17.50 in a report on Tuesday, December 9th. Finally, Canaccord Genuity Group raised their target price on shares of Freehold Royalties from C$16.00 to C$17.00 in a research note on Friday, November 14th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Freehold Royalties presently has an average rating of “Hold” and an average price target of C$15.79.

Freehold Royalties Stock Performance

The firm’s 50 day moving average price is C$15.76 and its 200-day moving average price is C$14.57. The firm has a market cap of C$2.86 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of -0.92 and a beta of 0.68. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.