Freehold Royalties (TSE:FRU) Reaches New 12-Month High – Should You Buy?

Freehold Royalties Ltd. (TSE:FRU) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$16.92 and last traded at C$16.79, with a volume of 252386 shares. The stock had previously closed at C$16.70.

Wall Street Analysts Forecast Growth

FRU has been the topic of a number of research reports. Raymond James Financial upgraded Freehold Royalties from a “hold” rating to a “moderate buy” rating and raised their price target for the stock from C$14.50 to C$17.50 in a research note on Tuesday, December 9th. Canaccord Genuity Group raised their target price on shares of Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. Natl Bk Canada downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Scotiabank increased their price target on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Freehold Royalties from C$14.50 to C$15.25 in a research note on Friday, November 14th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$15.79.

Freehold Royalties Trading Up 0.8%

The firm has a market capitalization of C$2.76 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of -0.92 and a beta of 0.68. The business’s 50 day moving average price is C$15.56 and its 200-day moving average price is C$14.43. 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 (TSE:FRU) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 earnings per share for the quarter. Freehold Royalties had a return on equity of 14.43% and a net margin of 42.42%.The company had revenue of C$74.36 million for the quarter. Equities analysts forecast that Freehold Royalties Ltd. will post 0.7581169 EPS for the current fiscal year.

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.