BMO Capital Markets Increases Freehold Royalties (TSE:FRU) Price Target to C$13.50

Freehold Royalties (TSE:FRU) had its price target upped by stock analysts at BMO Capital Markets from C$11.00 to C$13.50 in a note issued to investors on Thursday, reports. The firm currently has a “na” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 35.14% from the stock’s current price.

FRU has been the subject of a number of other reports. National Bankshares set a C$13.00 target price on Freehold Royalties and gave the company an “outperform” rating in a research note on Thursday. Acumen Capital lifted their target price on Freehold Royalties to C$12.75 in a research note on Thursday, August 12th. National Bank Financial reiterated an “outperform” rating and set a C$11.50 price objective on shares of Freehold Royalties in a research report on Thursday. CIBC lifted their target price on Freehold Royalties from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Scotiabank lifted their price target on Freehold Royalties from C$10.00 to C$11.00 in a research note on Thursday, July 15th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Freehold Royalties has a consensus rating of “Buy” and an average price target of C$12.37.

Shares of Freehold Royalties stock opened at C$9.99 on Thursday. The company has a quick ratio of 3.15, a current ratio of 4.55 and a debt-to-equity ratio of 11.19. The firm has a market cap of C$1.31 billion and a P/E ratio of 67.96. Freehold Royalties has a fifty-two week low of C$3.37 and a fifty-two week high of C$10.56. The business has a 50-day moving average price of C$9.13 and a 200 day moving average price of C$8.76.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Tuesday, August 10th. The company reported C$0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.09 by C$0.01. The firm had revenue of C$44.93 million during the quarter, compared to the consensus estimate of C$41.00 million. As a group, equities research analysts anticipate that Freehold Royalties will post 0.53 earnings per share for the current year.

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 and the United States. The company holds approximately 6.7 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 11,000 producing wells and receives royalty from 300 industry operators.

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Analyst Recommendations for Freehold Royalties (TSE:FRU)

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