Freehold Royalties Ltd (FRU) Receives Average Recommendation of “Buy” from Brokerages
Shares of Freehold Royalties Ltd (TSE:FRU) have received a consensus rating of “Buy” from the twelve ratings firms that are covering the company. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$16.64.
A number of equities analysts have weighed in on FRU shares. TD Securities restated a “buy” rating and issued a C$17.00 target price on shares of Freehold Royalties in a research note on Friday, January 27th. Scotiabank upped their target price on Freehold Royalties from C$15.00 to C$15.50 and gave the stock a “sector perform” rating in a research note on Friday, March 3rd. National Bank Financial upped their target price on Freehold Royalties from C$17.00 to C$17.50 in a research note on Friday, March 3rd. Raymond James Financial, Inc. upped their target price on Freehold Royalties from C$15.00 to C$15.50 and gave the stock a “market perform” rating in a research note on Friday, March 3rd. Finally, Desjardins upped their target price on Freehold Royalties from C$15.00 to C$15.50 and gave the stock a “hold” rating in a research note on Friday, March 3rd.
Shares of Freehold Royalties (TSE:FRU) opened at 14.18 on Monday. The company has a 50-day moving average price of $13.67 and a 200 day moving average price of $13.44. Freehold Royalties has a 1-year low of $10.61 and a 1-year high of $15.16. The firm has a market capitalization of $1.67 billion and a price-to-earnings ratio of 363.59.
The company also recently disclosed a monthly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 15th were issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Wednesday, April 26th.
In other news, insider Karen C. Taylor sold 2,500 shares of the company’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of C$13.06, for a total value of C$32,650.00. Also, insider Michael John Stone acquired 5,346 shares of the business’s stock in a transaction dated Monday, March 20th. The stock was purchased at an average price of C$13.77 per share, with a total value of C$73,614.42.
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About Freehold Royalties
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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