TD Securities Cuts Freehold Royalties (FRU) Price Target to C$18.00
Freehold Royalties (TSE:FRU) had its target price decreased by TD Securities from C$18.50 to C$18.00 in a research report released on Thursday morning. TD Securities currently has a buy rating on the stock.
A number of other equities research analysts also recently weighed in on FRU. National Bank Financial reduced their target price on Freehold Royalties from C$18.50 to C$17.00 and set an outperform rating on the stock in a report on Thursday. Raymond James downgraded Freehold Royalties from an outperform rating to a market perform rating and reduced their target price for the company from C$16.75 to C$16.00 in a report on Friday, August 3rd. Cormark reduced their target price on Freehold Royalties from C$18.50 to C$16.50 in a report on Tuesday, October 9th. CIBC reduced their target price on Freehold Royalties from C$15.50 to C$14.50 in a report on Friday, October 5th. Finally, Canaccord Genuity reduced their target price on Freehold Royalties from C$17.00 to C$15.50 in a report on Wednesday, October 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of C$15.11.
Shares of FRU stock opened at C$8.97 on Thursday. Freehold Royalties has a fifty-two week low of C$8.81 and a fifty-two week high of C$15.44. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 11.28.
In other news, Director Marvin F. Romanow acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were bought at an average price of C$11.17 per share, with a total value of C$223,400.00.
Freehold Royalties Company Profile
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.1 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 42,000 wells and receives royalty from industry operators.
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