Canaccord Genuity Raises Freehold Royalties Ltd (FRU) Price Target to C$14.25
Freehold Royalties Ltd (TSE:FRU) had its price objective hoisted by Canaccord Genuity from C$13.00 to C$14.25 in a research note published on Wednesday morning. The brokerage currently has a hold rating on the stock.
FRU has been the subject of a number of other research reports. TD Securities reiterated a buy rating and issued a C$15.50 price target on shares of Freehold Royalties in a research note on Tuesday, June 14th. Barclays PLC lifted their price target on shares of Freehold Royalties from C$14.00 to C$15.00 and gave the stock an equal weight rating in a research note on Friday, August 5th. Scotiabank reiterated a sector perform rating and issued a C$14.50 price target on shares of Freehold Royalties in a research note on Friday, August 5th. BMO Capital Markets lifted their price target on shares of Freehold Royalties from C$14.00 to C$16.00 in a research note on Thursday, June 30th. Finally, Raymond James Financial Inc. reiterated an outperform rating and issued a C$15.00 price target on shares of Freehold Royalties in a research note on Monday, September 19th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of C$14.50.
Shares of Freehold Royalties (TSE:FRU) opened at 12.95 on Wednesday. Freehold Royalties has a 12-month low of $8.29 and a 12-month high of $13.37. The stock’s market capitalization is $1.52 billion. The stock has a 50 day moving average of $12.02 and a 200 day moving average of $11.63.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.71%.
Freehold Royalties Company Profile
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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