Brokerages Set Freehold Royalties Ltd. (TSE:FRU) PT at C$17.00

Freehold Royalties Ltd. (TSE:FRU) has been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$17.00.

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

Freehold Royalties Stock Up 0.7 %

Shares of Freehold Royalties stock opened at C$12.97 on Monday. The business has a 50-day moving average price of C$12.67 and a 200 day moving average price of C$13.30. Freehold Royalties has a fifty-two week low of C$11.80 and a fifty-two week high of C$14.84. The firm has a market cap of C$1.95 billion, a P/E ratio of 14.70, a P/E/G ratio of -0.92 and a beta of 1.93. 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 Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 8.33%. The ex-dividend date was Friday, February 28th. Freehold Royalties’s dividend payout ratio (DPR) is 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.