Freehold Royalties Ltd. (TSE:FRU - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong 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$17.00.
A number of brokerages have recently weighed in on FRU. National Bankshares lifted their target price on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. BMO Capital Markets raised Freehold Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Desjardins upped their target price on shares of Freehold Royalties from C$16.50 to C$17.00 and gave the stock a "buy" rating in a research report on Friday, March 14th. CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the company a "neutral" rating in a research report on Monday, December 16th. Finally, Scotiabank upgraded shares of Freehold Royalties to a "hold" rating in a report on Wednesday, March 19th.
Check Out Our Latest Research Report on FRU
Freehold Royalties Trading Down 1.2 %
FRU stock traded down C$0.15 on Monday, reaching C$12.82. The company's stock had a trading volume of 503,353 shares, compared to its average volume of 698,346. The firm has a market cap of C$1.93 billion, a PE ratio of 14.53, a PEG ratio of -0.92 and a beta of 1.93. The business has a fifty day simple moving average of C$12.67 and a two-hundred day simple moving average of C$13.30. Freehold Royalties has a 12-month low of C$11.80 and a 12-month high of C$14.84. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65.
Freehold Royalties Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.42%. The ex-dividend date was Friday, February 28th. Freehold Royalties's payout ratio is currently 122.40%.
Freehold Royalties Company Profile
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Get Free ReportFreehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.
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