Freehold Royalties Ltd (FRU) Price Target Raised to C$14.25 at Canaccord Genuity
Freehold Royalties Ltd (TSE:FRU) had its price objective lifted by equities research analysts at Canaccord Genuity from C$13.00 to C$14.25 in a research note issued on Wednesday, StockTargetPrices.com reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 7.39% from the company’s previous close.
A number of other research analysts have also recently commented on FRU. Scotiabank restated a “sector perform” rating and set a C$14.50 price target on shares of Freehold Royalties in a research note on Friday, August 5th. TD Securities restated a “buy” rating and set a C$16.00 price target on shares of Freehold Royalties in a research note on Friday, August 5th. Desjardins set a C$14.00 price target on Freehold Royalties in a research note on Tuesday, June 28th. BMO Capital Markets upped their price target on Freehold Royalties from C$14.00 to C$16.00 in a research note on Thursday, June 30th. Finally, Barclays PLC increased their price objective on Freehold Royalties from C$13.00 to C$14.00 in a research note on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Freehold Royalties presently has a consensus rating of “Hold” and a consensus price target of C$14.50.
Shares of Freehold Royalties (TSE:FRU) traded down 1.28% on Wednesday, reaching $13.10. The company had a trading volume of 102,190 shares. The firm’s 50 day moving average is $11.87 and its 200 day moving average is $11.55. The firm’s market capitalization is $1.54 billion. Freehold Royalties has a 12 month low of $8.29 and a 12 month high of $13.37.
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The firm also recently announced a monthly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 17th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, September 28th.
Freehold Royalties Company Profile
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.
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