Could Freehold Royalties Ltd Decline After Today’s Huge Increase?

 Could Freehold Royalties Ltd Decline After Today's Huge Increase?

The stock of Freehold Royalties Ltd (TSE:FRU) is a huge mover today! About 89,101 shares traded hands. Freehold Royalties Ltd (TSE:FRU) has risen 4.63% since April 27, 2016 and is uptrending. It has underperformed by 1.30% the S&P500.
The move comes after 8 months positive chart setup for the $1.84B company. It was reported on Dec, 1 by Barchart.com. We have $14.33 PT which if reached, will make TSE:FRU worth $73.60 million more.

Freehold Royalties Ltd (TSE:FRU) Ratings Coverage

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 7.18% above today’s ($13.78) stock price. Freehold Royalties has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, November 29 by Acumen Capital. The firm has “Buy” rating given on Friday, October 28 by Cormark Securities. Scotia Capital maintained it with “Sector Perform” rating and $16 target price in Friday, August 7 report. As per Wednesday, November 9, the company rating was maintained by TD Securities. On Wednesday, November 9 the stock rating was maintained by Scotia Capital with “Sector Perform”. National Bank Canada maintained Freehold Royalties Ltd (TSE:FRU) rating on Wednesday, November 9. National Bank Canada has “Outperform” rating and $16 price target. Desjardins Securities maintained Freehold Royalties Ltd (TSE:FRU) on Tuesday, June 28 with “” rating. As per Monday, September 19, the company rating was maintained by Raymond James. The rating was initiated by BMO Capital Markets on Friday, February 12 with “Outperform”. The firm earned “Outperform” rating on Wednesday, November 9 by RBC Capital Markets.

More 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 published the news titled: “Freehold Royalties Ltd. Announces Closing of Acquisition and Public Offering” on May 25, 2016. Marketwired.com‘s news article titled: “Freehold Royalties Ltd. Announces 2016 Second Quarter Results and Suspension …” with publication date: August 05, 2016 was also an interesting one.

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 $1.84 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.

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