Freehold Royalties (TSE:FRU) Raised to “Strong-Buy” at BMO Capital Markets

Freehold Royalties (TSE:FRU) was upgraded by investment analysts at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

FRU has been the topic of a number of other research reports. Raymond James upgraded Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. Canaccord Genuity Group reduced their price target on shares of Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, CIBC set a C$16.00 price objective on shares of Freehold Royalties and gave the company a “neutral” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$17.28.

Freehold Royalties Stock Performance

FRU traded down C$0.01 on Monday, reaching C$12.41. The company had a trading volume of 216,172 shares, compared to its average volume of 484,037. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. Freehold Royalties has a 1 year low of C$12.39 and a 1 year high of C$14.84. The stock has a market capitalization of C$1.87 billion, a PE ratio of 12.41, a P/E/G ratio of -0.92 and a beta of 1.93. The stock has a 50-day moving average price of C$13.83 and a 200-day moving average price of C$13.78.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.