Analysis: Freehold Royalties (TSE:FRU) Target Increased Today
In a note sent to investors and clients by National Bank Financial on Thursday, 3 December, the firm, Freehold Royalties (TSE:FRU), had their price target lowered to $14.00. Analusts currently have a solid “Outperform” rating on the stock.
From a total of 10 analysts covering Freehold Royalties (TSE:FRU) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $13.52 while the lowest target price is $8.26. The mean of all analyst targets is $11.53 with a 32.30% above today’s ($10.96) stock price. Freehold Royalties was the topic of 9 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. TD Securities maintained shares on August 10 with “Buy” rating.
Approximately 123,746 shares of stock traded hands. Freehold Royalties Ltd (TSE:FRU) has declined 38.38% since April 30, 2015 and is downtrending. It has underperformed by 38.10% the S&P500.
Freehold Royalties Ltd. is engaged in the development and production of oil and natural gas. The company has a market cap of $1.08 billion. The Firm is focused on acquiring and managing oil and natural gas royalties. It has 43.94 P/E ratio. The Company’s total land holdings consist of approximately three million gross acres.