November 30, 2016 - By Ellis Scott
Research professionals at Acumen Capital have $16.25 price target on Freehold Royalties (TSE:FRU). Acumen Capital’s price target would indicate a potential upside of 38.06% from the company’s last stock price. The rating was released in analysts note on 29 November.
Out of 9 analysts covering Freehold Royalties (TSE:FRU), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. $18 is the highest target while $11 is the lowest. The $14.77 average target is 25.38% above today’s ($11.78) stock price. Freehold Royalties has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Cormark Securities with “Buy” on Friday, October 28. The firm has “Buy” rating by TD Securities given on Monday, August 10. The stock of Freehold Royalties Ltd (TSE:FRU) earned “Sector Perform” rating by Scotia Capital on Wednesday, November 9. The stock of Freehold Royalties Ltd (TSE:FRU) earned “Outperform” rating by BMO Capital Markets on Friday, February 12. Acumen Capital maintained the stock with “Buy” rating in Tuesday, November 29 report. The stock of Freehold Royalties Ltd (TSE:FRU) has “Outperform” rating given on Wednesday, November 9 by National Bank Canada. Scotia Capital maintained it with “Sector Perform” rating and $16 target price in Friday, August 7 report. The firm has “” rating given on Tuesday, June 28 by Desjardins Securities. As per Monday, September 19, the company rating was maintained by Raymond James. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 9.
The stock decreased 3.05% or $0.37 on November 29, hitting $11.78. About 157,297 shares traded hands. Freehold Royalties Ltd (TSE:FRU) has declined 5.53% since April 26, 2016 and is downtrending. It has underperformed by 10.76% the S&P500.
Freehold Royalties Ltd. is a Canada firm engaged in the development and production of oil and natural gas, predominantly in western Canada. The company has a market cap of $1.37 billion. The Company’s primary focus is acquiring and managing oil and natural gas royalties. It currently has negative earnings. The Firm manages a non-government portfolio of oil and natural gas royalties in Canada.
More notable recent Freehold Royalties Ltd (TSE:FRU) news were published by: Marketwired.com which released: “Freehold Royalties Ltd. Enters Into Agreement to Acquire Royalty Production …” on May 02, 2016, also Marketwired.com with their article: “Freehold Royalties Ltd. Announces Closing of Acquisition and Public Offering” published on May 25, 2016, Marketwired.com published: “Freehold Royalties Ltd. Announces 2016 Second Quarter Results and Suspension …” on August 05, 2016. More interesting news about Freehold Royalties Ltd (TSE:FRU) were released by: Marketwired.com and their article: “Freehold Royalties Ltd. Enters Into Agreements to Acquire Royalty Production …” published on April 14, 2015 as well as Marketwired.com‘s news article titled: “Freehold Royalties Ltd. Announces Strategic Royalty Deals and Corporate …” with publication date: December 04, 2014.
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By Ellis Scott