Analysts Issued Freehold Royalties Ltd (FRU) Target Price at $16.31

Analysts Issued Freehold Royalties Ltd (FRU) Target Price at $16.31

Shares of Freehold Royalties Ltd (TSE:FRU) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$16.31.

Several research firms recently commented on FRU. Raymond James Financial, Inc. boosted their price objective on shares of Freehold Royalties from C$15.00 to C$15.50 and gave the stock a “market perform” rating in a research note on Friday, March 3rd. BMO Capital Markets boosted their price objective on shares of Freehold Royalties from C$16.00 to C$19.00 in a research note on Wednesday, December 21st. Royal Bank of Canada boosted their price objective on shares of Freehold Royalties from C$16.00 to C$17.00 in a research note on Thursday, December 15th. National Bank Financial boosted their price objective on shares of Freehold Royalties from C$17.00 to C$17.50 in a research note on Friday, March 3rd. Finally, TD Securities boosted their price objective on shares of Freehold Royalties from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Friday, March 3rd.

In other Freehold Royalties news, insider Karen C. Taylor sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of C$13.06, for a total transaction of C$32,650.00. Also, Director Tom Mullane purchased 7,400 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were bought at an average price of C$13.10 per share, for a total transaction of C$96,940.00.

Freehold Royalties (TSE:FRU) opened at 13.48 on Thursday. The stock’s 50 day moving average is $13.59 and its 200 day moving average is $13.15. The stock’s market cap is $1.59 billion. Freehold Royalties has a 52 week low of $9.66 and a 52 week high of $15.16.

The business also recently declared a monthly dividend, which will be paid on Monday, April 17th. Shareholders of record on Monday, April 17th will be paid a dividend of $0.05 per share. This is a positive change from Freehold Royalties’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $0.60 dividend on an annualized basis and a yield of 4.45%.

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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