Natl Bk Canada Downgrades Freehold Royalties (TSE:FRU) to Hold

Freehold Royalties (TSE:FRU) was downgraded by investment analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

FRU has been the topic of a number of other reports. CIBC upped their price objective on Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. Canaccord Genuity Group upped their price target on Freehold Royalties from C$16.00 to C$17.00 in a research note on Friday, November 14th. National Bankshares downgraded Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$15.00 price objective for the company. in a research report on Friday. Finally, Raymond James Financial upgraded shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$14.50 to C$17.50 in a report on Tuesday, December 9th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$15.75.

Freehold Royalties Trading Up 0.9%

Shares of FRU opened at C$15.03 on Friday. Freehold Royalties has a 12-month low of C$10.53 and a 12-month high of C$15.51. The firm has a market capitalization of C$2.46 billion, a P/E ratio of 18.79, a P/E/G ratio of -0.92 and a beta of 0.60. The firm has a 50-day moving average price of C$14.91 and a 200 day moving average price of C$13.93. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91.

Freehold Royalties (TSE:FRU) last issued its earnings results on Thursday, November 13th. The company reported C$0.21 EPS for the quarter. Freehold Royalties had a net margin of 42.42% and a return on equity of 14.43%. The company had revenue of C$74.36 million for the quarter. Sell-side analysts forecast that Freehold Royalties will post 0.7581169 EPS for the current year.

About Freehold Royalties

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.