CIBC set a C$16.00 price target on Freehold Royalties (TSE:FRU - Free Report) in a research report report published on Monday,BayStreet.CA reports. The firm currently has a neutral rating on the stock.
A number of other research analysts also recently issued reports on the company. Canaccord Genuity Group decreased their price target on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Atb Cap Markets cut shares of Freehold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Finally, Raymond James upgraded shares of Freehold Royalties to a "hold" rating in a research report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Freehold Royalties presently has a consensus rating of "Hold" and a consensus target price of C$17.28.
Check Out Our Latest Analysis on Freehold Royalties
Freehold Royalties Price Performance
Freehold Royalties has a fifty-two week low of C$12.68 and a fifty-two week high of C$14.84. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The firm has a market cap of C$1.95 billion, a PE ratio of 12.95, a PEG ratio of -0.92 and a beta of 1.93. The company has a 50-day moving average of C$13.89 and a 200-day moving average of C$13.79.
Freehold Royalties Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.09 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of ∞. Freehold Royalties's dividend payout ratio (DPR) is 108.00%.
About Freehold Royalties
(
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Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.
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