Freehold Royalties Ltd (FRU) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Freehold Royalties Ltd (TSE:FRU) have earned a consensus rating of “Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$16.75.
Separately, Scotiabank raised their price target on Freehold Royalties from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Thursday, August 10th.
Shares of Freehold Royalties (FRU) opened at 14.81 on Friday. The company has a market capitalization of $1.75 billion and a PE ratio of 88.15. The stock’s 50 day moving average price is $14.02 and its 200 day moving average price is $13.59. Freehold Royalties has a 12-month low of $11.20 and a 12-month high of $15.16.
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.60 annualized dividend and a dividend yield of 4.05%.
About Freehold Royalties
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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