Freehold Royalties Ltd. (FRU) Price Target Increased to C$16.50 by Analysts at Raymond James Financial, Inc.
Freehold Royalties Ltd. (TSE:FRU) had its price target increased by Raymond James Financial, Inc. from C$15.50 to C$16.50 in a report published on Friday. Raymond James Financial, Inc. currently has an outperform rating on the stock.
Other analysts have also issued research reports about the company. National Bank Financial raised their price target on Freehold Royalties from C$16.00 to C$16.50 and gave the stock an outperform rating in a research note on Friday. CIBC raised their price target on Freehold Royalties from C$16.50 to C$17.50 in a research note on Tuesday, October 17th. Scotiabank raised their price target on Freehold Royalties from C$14.00 to C$15.00 and gave the stock a sector perform rating in a research note on Thursday, August 10th. Finally, Barclays PLC raised their price target on Freehold Royalties from C$14.00 to C$15.00 in a research note on Monday, October 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of C$16.98.
Shares of Freehold Royalties (TSE FRU) opened at C$16.07 on Friday. Freehold Royalties has a 52 week low of C$11.68 and a 52 week high of C$16.41.
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The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 3.73%. Freehold Royalties’s dividend payout ratio (DPR) is 278.95%.
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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