CIBC Increases Freehold Royalties (TSE:FRU) Price Target to C$17.00

Freehold Royalties (TSE:FRU) had its target price lifted by CIBC from C$16.00 to C$17.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 33.02% from the company’s previous close.

FRU has been the subject of a number of other research reports. Scotiabank boosted their price target on shares of Freehold Royalties from C$13.50 to C$14.00 in a research note on Friday, November 19th. ATB Capital restated a “buy” rating and issued a C$16.50 price objective on shares of Freehold Royalties in a report on Friday, January 7th. Cormark boosted their price objective on shares of Freehold Royalties from C$13.50 to C$16.50 and gave the stock a “buy” rating in a report on Friday, November 12th. boosted their price objective on shares of Freehold Royalties from C$14.00 to C$15.00 in a report on Friday, November 12th. Finally, Raymond James set a C$17.00 price objective on shares of Freehold Royalties and gave the stock an “outperform” rating in a report on Thursday, December 9th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$15.05.

FRU stock opened at C$12.78 on Thursday. The company has a debt-to-equity ratio of 14.44, a current ratio of 4.54 and a quick ratio of 3.04. Freehold Royalties has a one year low of C$5.41 and a one year high of C$13.17. The stock has a market cap of C$1.92 billion and a PE ratio of 40.19. The firm has a 50 day simple moving average of C$11.70 and a two-hundred day simple moving average of C$10.55.

Freehold Royalties Company Profile

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada and the United States. The company holds approximately 6.7 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 11,000 producing wells and receives royalty from 300 industry operators.

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Analyst Recommendations for Freehold Royalties (TSE:FRU)

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