Is Freehold Royalties Ltd a Buy? The Stock Reaches 52-Week High Today

 Is Freehold Royalties Ltd a Buy? The Stock Reaches 52 Week High Today

The stock of Freehold Royalties Ltd (TSE:FRU) hit a new 52-week high and has $14.15 target or 4.00% above today’s $13.61 share price. The 8 months bullish chart indicates low risk for the $1.82 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $14.15 price target is reached, the company will be worth $72.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 67,269 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.

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 8.52% above today’s ($13.61) stock price. Freehold Royalties has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Wednesday, November 9 by Scotia Capital. RBC Capital Markets maintained Freehold Royalties Ltd (TSE:FRU) on Wednesday, November 9 with “Outperform” rating. The stock of Freehold Royalties Ltd (TSE:FRU) has “Buy” rating given on Wednesday, November 9 by TD Securities. Cormark Securities maintained the stock with “Buy” rating in Friday, October 28 report. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, August 7 report. The stock of Freehold Royalties Ltd (TSE:FRU) has “Outperform” rating given on Friday, February 12 by BMO Capital Markets. TD Securities maintained the stock with “Buy” rating in Monday, August 10 report. The rating was maintained by Acumen Capital with “Buy” on Tuesday, November 29. The stock has “” rating given by Desjardins Securities on Tuesday, June 28. The company was maintained on Wednesday, November 9 by National Bank Canada.

More important 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 article titled: “Freehold Royalties Ltd. Announces Closing of Acquisition and Public Offering”, 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) was released by: Marketwired.com and their article: “Freehold Royalties Ltd. Enters Into Agreements to Acquire Royalty Production …” with publication date: April 14, 2015.

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 $1.82 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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