Freehold Royalties (OTCMKTS:FRHLF) Price Target Raised to C$13.00

Freehold Royalties (OTCMKTS:FRHLF) had its price objective boosted by equities research analysts at National Bank Financial from C$12.00 to C$13.00 in a note issued to investors on Friday, The Fly reports. The firm presently has an “outperform” rating on the stock.

Several other analysts have also recently weighed in on the stock. Scotiabank upped their price objective on shares of Freehold Royalties from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 15th. BMO Capital Markets upped their price objective on shares of Freehold Royalties from C$11.00 to C$12.00 and gave the stock a “market perform” rating in a research note on Thursday. Royal Bank of Canada upped their price objective on shares of Freehold Royalties from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a research note on Thursday. CIBC upped their price objective on shares of Freehold Royalties from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, TD Securities upped their price objective on shares of Freehold Royalties from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $12.40.

OTCMKTS FRHLF opened at $7.88 on Friday. The company’s 50-day simple moving average is $7.26 and its 200 day simple moving average is $7.06. Freehold Royalties has a twelve month low of $2.55 and a twelve month high of $8.92.

Freehold Royalties Company Profile

Freehold Royalties Ltd. operates as a dividend-paying oil and gas royalty company. The firm engages in acquiring and managing oil and gas royalties. Its production comes from royalty assets, which include mineral title and gross overriding royalties. The company was founded in 1996 and is headquartered in Calgary, Canada.

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Analyst Recommendations for Freehold Royalties (OTCMKTS:FRHLF)

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