Freehold Royalties Ltd (FRU) Given Consensus Rating of “Buy” by Brokerages
Shares of Freehold Royalties Ltd (TSE:FRU) have been assigned a consensus rating of “Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$16.75.
Several equities analysts have recently commented on FRU shares. TD Securities upped their target price on Freehold Royalties from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. upped their target price on Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Finally, Scotiabank upped their target price on Freehold Royalties from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Thursday, August 10th.
Freehold Royalties (TSE:FRU) opened at 13.52 on Wednesday. The firm has a 50 day moving average price of $13.81 and a 200-day moving average price of $13.50. Freehold Royalties has a 12 month low of $10.95 and a 12 month high of $15.16. The firm has a market capitalization of $1.60 billion and a price-to-earnings ratio of 80.48.
The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Tuesday, August 29th.
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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