Freehold Royalties (TSE:FRU) PT Set at C$15.00 by BMO Capital Markets

Freehold Royalties (TSE:FRU) received a C$15.00 target price from equities research analysts at BMO Capital Markets in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 5.41% from the company’s current price.

FRU has been the subject of several other reports. Cormark reduced their target price on Freehold Royalties from C$20.00 to C$18.00 and set a “buy” rating for the company in a research note on Tuesday, December 12th. Desjardins lifted their price target on Freehold Royalties from C$18.75 to C$19.25 and gave the stock a “buy” rating in a report on Tuesday, December 12th. National Bankshares dropped their price target on Freehold Royalties from C$20.00 to C$17.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. Raymond James dropped their price target on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, ATB Capital dropped their price objective on Freehold Royalties from C$19.50 to C$19.00 in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$18.10.

Freehold Royalties Stock Performance

Shares of TSE FRU traded up C$0.19 during midday trading on Wednesday, hitting C$14.23. 205,897 shares of the company’s stock were exchanged, compared to its average volume of 374,193. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.44. The company’s 50 day moving average price is C$13.87 and its 200 day moving average price is C$14.17. The firm has a market capitalization of C$2.14 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01.

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

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in acquiring and managing royalty interest in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company was founded in 1996 and is headquartered in Calgary, Canada.