Freehold Royalties Ltd (TSE:FRU) had its target price lifted by equities research analysts at Canaccord Genuity from C$13.00 to C$14.25 in a research note issued to investors on Wednesday, StockTargetPrices.com reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 7.39% from the stock’s current price.
A number of other equities research analysts also recently issued reports on the stock. Raymond James Financial Inc. reiterated an “outperform” rating and set a C$15.00 price objective on shares of Freehold Royalties in a research note on Monday, September 19th. TD Securities reiterated a “buy” rating and set a C$16.00 price objective on shares of Freehold Royalties in a research note on Friday, August 5th. Scotiabank reiterated a “sector perform” rating and set a C$14.50 price objective on shares of Freehold Royalties in a research note on Friday, August 5th. Barclays PLC increased their price objective 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. Finally, BMO Capital Markets raised their price target on shares of Freehold Royalties from C$14.00 to C$16.00 in a research note on Thursday, June 30th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$14.50.
Shares of Freehold Royalties (TSE:FRU) traded down 1.28% on Wednesday, reaching $13.10. 102,190 shares of the company were exchanged. The company’s 50-day moving average price is $11.87 and its 200 day moving average price is $11.55. The company’s market cap is $1.54 billion. Freehold Royalties has a 12 month low of $8.29 and a 12 month high of $13.37.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 17th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.48 dividend on an annualized basis and a yield of 3.62%.
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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