Freehold Royalties (TSE:FRU) Reaches New 12-Month High – Still a Buy?

Freehold Royalties Ltd. (TSE:FRU)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$17.72 and last traded at C$17.59, with a volume of 129095 shares traded. The stock had previously closed at C$17.53.

Analyst Ratings Changes

FRU has been the subject of several recent research reports. Raymond James Financial raised shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and lifted their target price for the company from C$14.50 to C$17.50 in a report on Tuesday, December 9th. Scotiabank raised their price target on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Canaccord Genuity Group lifted their price objective on shares of Freehold Royalties from C$16.00 to C$17.00 in a report on Friday, November 14th. Canadian Imperial Bank of Commerce increased their target price on shares of Freehold Royalties from C$14.50 to C$15.25 in a research note on Friday, November 14th. Finally, National Bank Financial cut Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 target price on the stock. in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Freehold Royalties presently has a consensus rating of “Hold” and a consensus target price of C$15.79.

Freehold Royalties Stock Down 1.7%

The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The business’s 50 day moving average price is C$16.00 and its 200 day moving average price is C$14.72. The firm has a market cap of C$2.83 billion, a PE ratio of 21.61, a PEG ratio of -0.92 and a beta of 0.68.

Freehold Royalties Company Profile

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.