Freehold Royalties (TSE:FRU) Price Target Lowered to C$16.00 at Desjardins

Freehold Royalties (TSE:FRU) had its price target cut by equities researchers at Desjardins from C$16.50 to C$16.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price would suggest a potential downside of 6.16% from the company’s current price.

FRU has been the topic of several other research reports. Raymond James Financial upgraded Freehold Royalties from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$14.50 to C$17.50 in a report on Tuesday, December 9th. Scotiabank upped their price target on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Canadian Imperial Bank of Commerce increased their price objective on shares of Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. Royal Bank Of Canada cut shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$17.00 price objective for the company. in a research report on Friday. Finally, TD Securities reduced their target price on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Freehold Royalties currently has a consensus rating of “Hold” and an average target price of C$16.84.

Freehold Royalties Price Performance

Shares of TSE FRU traded down C$0.03 during mid-day trading on Friday, hitting C$17.05. 800,554 shares of the stock were exchanged, compared to its average volume of 743,450. Freehold Royalties has a twelve month low of C$10.53 and a twelve month high of C$18.22. The stock’s fifty day simple moving average is C$16.55 and its two-hundred day simple moving average is C$15.05. The company has a debt-to-equity ratio of 27.54, a quick ratio of 1.50 and a current ratio of 1.63. The company has a market cap of C$2.80 billion, a P/E ratio of 21.31, a PEG ratio of -0.92 and a beta of 0.65.

Freehold Royalties (TSE:FRU) last released its quarterly earnings results on Wednesday, March 11th. The company reported C$0.31 EPS for the quarter. Freehold Royalties had a return on equity of 12.09% and a net margin of 40.19%.The business had revenue of C$69.76 million for the quarter. As a group, analysts forecast that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

About Freehold Royalties

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.