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

Freehold Royalties (TSE:FRU) had its target price hoisted by stock analysts at CIBC from C$16.00 to C$17.00 in a report released on Thursday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 33.02% from the company’s current price.

FRU has been the topic of a number of other research reports. BMO Capital Markets raised their target price on shares of Freehold Royalties from C$12.00 to C$15.00 in a research note on Friday, November 12th. Raymond James set a C$17.00 target price on shares of Freehold Royalties and gave the stock an “outperform” rating in a research note on Thursday, December 9th. TD Securities raised their target price on shares of Freehold Royalties from C$13.50 to C$14.50 and gave the stock a “buy” rating in a research note on Friday, November 12th. Scotiabank raised their target price on shares of Freehold Royalties from C$13.50 to C$14.00 in a research note on Friday, November 19th. Finally, Royal Bank of Canada raised their target price on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Friday, November 12th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Freehold Royalties currently has a consensus rating of “Buy” and an average price target of C$15.05.

Shares of TSE:FRU opened at C$12.78 on Thursday. The firm’s 50 day moving average price is C$11.70 and its 200-day moving average price is C$10.55. Freehold Royalties has a twelve month low of C$5.41 and a twelve month high of C$13.17. The company has a quick ratio of 3.04, a current ratio of 4.54 and a debt-to-equity ratio of 14.44. The stock has a market capitalization of C$1.92 billion and a PE ratio of 40.19.

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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