The Materials sector company, Freehold Royalties (FRU), has received a rating update from a Wall Street analyst today. The company received a Buy rating from AltaCorp Captial’s analyst Nick Lupick, with a C$14.50 price target.
According to TipRanks.com, Lupick is ranked 0 out of 5 stars with an average return of -6.3% and a 40.1% success rate. Lupick covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Freehold Royalties with a C$13.25 average price target, implying a 56.3% upside from current levels. In a report released today, RBC Capital also reiterated a Buy rating on the stock with a C$14 price target.
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Freehold Royalties’ market cap is currently C$1.02B and has a P/E ratio of 89.7. The company has a Price to Book ratio of 1.28.
Freehold Royalties Ltd. engages in acquiring and managing oil and gas royalties. Its production comes from royalty assets, which include mineral title and gross overriding royalties. The company was founded in 1996 and is headquartered in Calgary, Canada.
The company’s shares closed on Monday at C$8.48, close to its 52-week low of C$7.68.
