Freehold Royalties Ltd. (FRU) Given Consensus Rating of “Buy” by Analysts
Shares of Freehold Royalties Ltd. (TSE:FRU) have been given a consensus rating of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$16.93.
Several equities analysts recently weighed in on FRU shares. Barclays PLC boosted their price objective on Freehold Royalties from C$14.00 to C$15.00 in a research report on Monday, October 30th. CIBC boosted their price objective on Freehold Royalties from C$16.50 to C$17.50 in a research report on Tuesday, October 17th. Raymond James Financial, Inc. boosted their price objective on Freehold Royalties from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Friday. National Bank Financial boosted their price objective on Freehold Royalties from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Friday. Finally, Scotiabank boosted their price objective on Freehold Royalties from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 10th.
Freehold Royalties (TSE FRU) opened at C$16.04 on Monday. Freehold Royalties has a 12-month low of C$11.68 and a 12-month high of C$16.41.
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, October 30th. This represents a $0.60 annualized dividend and a yield of 3.74%. Freehold Royalties’s dividend payout ratio is 311.76%.
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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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