Analysts fell to the sidelines weighing in on Freehold Royalties (FRHLF – Research Report) and Crescent Point Energy (CPG – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Freehold Royalties (FRHLF)
In a report released today, Jeremy Mccrea from Raymond James maintained a Hold rating on Freehold Royalties, with a price target of C$8.50. The company’s shares closed last Monday at $5.19, close to its 52-week low of $4.84.
According to TipRanks.com, Mccrea has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.9% and a 25.5% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum, Whitecap Resources, and PrairieSky Royalty.
The word on The Street in general, suggests a Hold analyst consensus rating for Freehold Royalties with a $7.28 average price target, which is a 41.4% upside from current levels. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a C$8.50 price target.
Crescent Point Energy (CPG)
Raymond James analyst Chris Cox maintained a Hold rating on Crescent Point Energy today and set a price target of C$5.50. The company’s shares closed last Monday at $4.04.
According to TipRanks.com, Cox is a 3-star analyst with an average return of 1.3% and a 50.9% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Canadian Natural, Pembina Pipeline, and Cenovus Energy.
Crescent Point Energy has an analyst consensus of Moderate Buy, with a price target consensus of $5.10.
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