Freehold Royalties Ltd. (TSE:FRU) Receives C$17.06 Consensus Target Price from Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$17.06.

Several research firms recently weighed in on FRU. Canaccord Genuity Group decreased their price objective on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Raymond James raised shares of Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Finally, CIBC set a C$16.00 price target on Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday, December 16th.

Freehold Royalties Price Performance

Shares of FRU stock opened at C$13.40 on Wednesday. Freehold Royalties has a twelve month low of C$12.19 and a twelve month 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 stock has a fifty day simple moving average of C$13.44 and a two-hundred day simple moving average of C$13.67. The stock has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.06%. Freehold Royalties’s payout ratio is 108.00%.

About Freehold Royalties

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.