FREEHOLD ROYALTIES L

FRU
Delayed Quote. Delayed  - 05/13 04:00:00 pm
8.96CAD +0.34%

Freehold Royalties Ltd. : The underlying trend is in force again

05/03/2021 | 03:17am
Jordan Dufee
Senior Analyst

Strategy published on : 05/03/2021 | 03:17

long trade
Live

Entry price : 8.1CAD
Target : 10.69CAD
Stop-loss : 6.8CAD
Potential : 31.98%

The timing appears opportune to go long in shares of Freehold Royalties Ltd. as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the CAD 10.69.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.

● The company returns high margins, thereby supporting business profitability.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● This company will be of major interest to investors in search of a high dividend stock.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the past twelve months, EPS forecast has been revised upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The stock is in a well-established, long-term rising trend above the technical support level at 5.2 CAD


Weaknesses

● Based on current prices, the company has particularly high valuation levels.

● The firm trades with high earnings multiples: 27.44 times its 2021 earnings per share.

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