Analysts Set Freehold Royalties Ltd. (TSE:FRU) Target Price at C$17.00

Freehold Royalties Ltd. (TSE:FRU) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$17.00.

Several research analysts have weighed in on the stock. CIBC set a C$16.00 price objective on shares of Freehold Royalties and gave the stock a “neutral” rating in a report on Monday, December 16th. National Bankshares upped their target price on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. BMO Capital Markets raised shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Desjardins boosted their price objective on Freehold Royalties from C$16.50 to C$17.00 and gave the stock a “buy” rating in a report on Friday, March 14th. Finally, Scotiabank upgraded Freehold Royalties to a “hold” rating in a report on Wednesday, March 19th.

Freehold Royalties Stock Up 0.2 %

Freehold Royalties stock opened at C$12.85 on Monday. The company has a market capitalization of C$1.93 billion, a PE ratio of 14.56, a PEG ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 12-month low of C$11.80 and a 12-month high of C$14.84. The firm’s fifty day moving average is C$12.66 and its 200 day moving average is C$13.27. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91.

Freehold Royalties Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a $0.09 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.08 annualized dividend and a yield of 8.40%. Freehold Royalties’s dividend payout ratio (DPR) is presently 122.40%.

Freehold Royalties Company Profile

Freehold 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.