Acumen Capital Analysts Give Freehold Royalties (TSE:FRU) a C$18.00 Price Target

Freehold Royalties (TSE:FRU) received a C$18.00 target price from investment analysts at Acumen Capital in a report released on Wednesday, BayStreet.CA reports. Acumen Capital’s target price suggests a potential upside of 29.50% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group decreased their price target on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. National Bankshares raised their price objective on Freehold Royalties from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. CIBC lowered their target price on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. BMO Capital Markets set a C$15.00 price target on shares of Freehold Royalties and gave the company a “market perform” rating in a research report on Wednesday, March 13th. Finally, Raymond James lowered their price objective on shares of Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$17.55.

Freehold Royalties Trading Down 1.1 %

Shares of TSE:FRU traded down C$0.15 during midday trading on Wednesday, reaching C$13.90. The company’s stock had a trading volume of 369,357 shares, compared to its average volume of 344,179. Freehold Royalties has a fifty-two week low of C$12.66 and a fifty-two week high of C$15.27. The company has a debt-to-equity ratio of 13.49, a quick ratio of 1.50 and a current ratio of 2.12. The firm has a 50 day moving average price of C$14.30 and a two-hundred day moving average price of C$14.12. The firm has a market capitalization of C$2.09 billion, a price-to-earnings ratio of 15.74, a PEG ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. The firm had revenue of C$80.06 million for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. As a group, analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Insider Activity at Freehold Royalties

In related news, Senior Officer Ian C. Hantke purchased 8,590 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average cost of C$13.91 per share, with a total value of C$119,486.90. 0.40% of the stock is owned by insiders.

About Freehold Royalties

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.