Freehold Royalties (TSE:FRU – Get Free Report) has been given a C$15.00 target price by BMO Capital Markets in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 5.41% from the stock’s previous close.
FRU has been the topic of a number of other reports. Cormark dropped their price target on shares of Freehold Royalties from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research note on Tuesday, December 12th. Raymond James decreased their price objective on shares of Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Friday, January 19th. Desjardins boosted their price objective on shares of Freehold Royalties from C$18.75 to C$19.25 and gave the stock a “buy” rating in a report on Tuesday, December 12th. CIBC decreased their price objective on shares of Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th. Finally, National Bankshares decreased their price objective on shares of Freehold Royalties from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Freehold Royalties has a consensus rating of “Moderate Buy” and an average price target of C$18.10.
Freehold Royalties Stock Performance
Freehold Royalties (TSE:FRU – Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. The company had revenue of C$80.06 million for the quarter. As a group, analysts anticipate that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.
About Freehold Royalties
Freehold Royalties Ltd. engages in acquiring and managing royalty interest in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company was founded in 1996 and is headquartered in Calgary, Canada.
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