Freehold Royalties Ltd (TSE:FRU) had its price target upped by stock analysts at Barclays PLC from C$14.00 to C$15.00 in a report issued on Monday. Barclays PLC’s price target suggests a potential downside of 4.94% from the stock’s current price.
Several other research analysts have also recently commented on FRU. Scotiabank boosted their target price on Freehold Royalties from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 10th. CIBC boosted their target price on Freehold Royalties from C$16.50 to C$17.50 in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$16.98.
Shares of Freehold Royalties (TSE FRU) opened at 15.78 on Monday. The stock has a market capitalization of $1.86 billion and a PE ratio of 93.93. Freehold Royalties has a 52 week low of $11.68 and a 52 week high of $15.85. The company’s 50 day moving average price is $14.79 and its 200-day moving average price is $13.85.
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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