Freehold Royalties (TSE:FRU – Get Free Report) had its target price increased by analysts at National Bankshares from C$17.00 to C$18.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 25.26% from the stock’s previous close.
Other research analysts have also issued research reports about the stock. BMO Capital Markets set a C$15.00 price objective on shares of Freehold Royalties and gave the company a “market perform” rating in a report on Wednesday, March 13th. ATB Capital lowered their price target on shares of Freehold Royalties from C$19.50 to C$19.00 in a report on Tuesday, January 2nd. Raymond James reduced their price objective on shares of Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research report on Friday, January 19th. CIBC dropped their price objective on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Finally, Canaccord Genuity Group lowered their target price on Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$17.75.
Get Our Latest Stock Analysis on Freehold Royalties
Freehold Royalties Stock Up 1.3 %
Freehold Royalties (TSE:FRU – Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (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 during the quarter. On average, sell-side analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.
About Freehold Royalties
Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.
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