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.
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.
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
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.
Subsector Other Oil & Gas Exploration and Production
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