Freehold Royalties (FRU) Price Target Cut to C$12.00

Freehold Royalties (TSE:FRU) had its price target decreased by investment analysts at CIBC from C$13.00 to C$12.00 in a report issued on Thursday. CIBC’s price target indicates a potential upside of 33.19% from the company’s current price.

FRU has been the topic of a number of other reports. Raymond James dropped their price target on Freehold Royalties from C$15.50 to C$14.50 and set a “market perform” rating on the stock in a research note on Thursday, November 15th. BMO Capital Markets dropped their price target on Freehold Royalties from C$15.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Thursday, November 15th. National Bank Financial dropped their price target on Freehold Royalties from C$19.00 to C$18.50 and set an “outperform” rating on the stock in a research note on Thursday, October 18th. Cormark dropped their price target on Freehold Royalties from C$18.50 to C$16.50 in a research note on Tuesday, October 9th. Finally, Desjardins dropped their price target on Freehold Royalties from C$15.00 to C$13.50 in a research note on Thursday, November 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Freehold Royalties has a consensus rating of “Buy” and a consensus price target of C$15.00.

FRU stock opened at C$9.01 on Thursday. Freehold Royalties has a 1 year low of C$8.81 and a 1 year high of C$15.42. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 11.46.

In related news, Director Marvin F. Romanow bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were bought at an average cost of C$11.17 per share, with a total value of C$223,400.00.

About Freehold Royalties

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.1 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 42,000 wells and receives royalty from industry operators.

See Also: What is the quiet period?

Analyst Recommendations for Freehold Royalties (TSE:FRU)

Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply