National Bank Financial Raises Freehold Royalties (FRU) Price Target to C$18.00
Freehold Royalties (TSE:FRU) had its price target upped by analysts at National Bank Financial from C$16.50 to C$18.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 28.57% from the company’s previous close.
A number of other research analysts also recently commented on the company. Raymond James Financial boosted their price target on Freehold Royalties from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Friday, November 10th. CIBC boosted their price target on Freehold Royalties from C$16.50 to C$17.50 in a research note on Tuesday, October 17th. Canaccord Genuity boosted their price target on Freehold Royalties from C$16.00 to C$17.00 in a research note on Monday, November 13th. Eight Capital dropped their price target on Freehold Royalties from C$17.75 to C$17.50 in a research note on Monday, November 13th. Finally, Barclays boosted their price target on Freehold Royalties from C$14.00 to C$15.00 in a research note on Monday, October 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$17.00.
Freehold Royalties (TSE:FRU) opened at C$14.00 on Tuesday. The company has a market capitalization of $1,660.00, a PE ratio of 73.68 and a beta of 0.46. Freehold Royalties has a 52 week low of C$11.96 and a 52 week high of C$16.41.
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About Freehold Royalties
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
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