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Freehold Royalties (TSE:FRU) stock price target upped to $15.00, reported earlier today by Raymond James

Displaying a price of $11.10, Freehold Royalties (TSE:FRU) traded 1.19% higher on the day. With the last stock price down 2.43% relative to the 200-day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. The company has logged a 50-day moving average of $11.46 and 200-day average of $11.38. Volume of trade was was down over the average, with 269,689 shares of FRU changing hands under the typical 283,160 shares.

In a statement issued on Monday September 19 2016 Raymond James bumped up the target price of Freehold Royalties (TSE:FRU) from $0 to $15 reporting a possible upsideof 0.35%.

On 7/22/2016, Barclays Capital released a statement on Freehold Royalties(TSE:FRU) raised the target price from $13.00 to $14.00. At the time, this suggested an upside of 0.21%.

Recent Performance Graph:

Freehold Royalties (TSE:FRU)

A total of 11 firms have issued a research note on FRU. Zero rate the stock a strong buy, 0 rate the stock a buy, 0 analysts rate the company a hold, 0 rate the stock to underperform, and finally 0 analystsrate the stock as sell with a consensus target price of $11.40

Freehold Royalties has a one-year low of $8.29 and a 52 week high of $13.52 . FRU’s market cap is currently $0.0.

More About Freehold Royalties (TSE:FRU)

Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada. The Company’s total land holdings encompass approximately 3.7 million gross acres, over 90% of which are royalties. Of this, its mineral title lands (including royalty assumption lands), which it owns in perpetuity, cover approximately 750, 000 acres. It also has interests in over 36, 000 wells (of which over 34, 000 are royalty wells, including over 18, 000 unitized wells). The Company has approximately 300, 000 gross undeveloped acres. In addition, it has gross overriding royalty interests in over 2.5 million acres. The Company has drilled and completed a total of over 5, and 290 wells within the Western Canadian Sedimentary Basin.

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