Freehold Royalties Ltd (FRU) Stock Rating Reaffirmed by National Bank Financial
Freehold Royalties Ltd (TSE:FRU)‘s stock had its “outperform” rating reissued by analysts at National Bank Financial in a research report issued on Wednesday. They presently have a C$16.00 price objective on the stock. National Bank Financial’s target price suggests a potential upside of 30.51% from the company’s current price.
A number of other analysts also recently commented on FRU. Barclays PLC increased their price objective on shares of Freehold Royalties from C$13.00 to C$14.00 in a report on Friday, July 22nd. Scotiabank reiterated a “sector perform” rating and issued a C$14.50 price objective on shares of Freehold Royalties in a report on Friday, August 5th. TD Securities reissued a “buy” rating and issued a C$16.00 price target on shares of Freehold Royalties in a research note on Friday, August 5th. Raymond James Financial Inc. reissued an “outperform” rating and issued a C$15.00 price target on shares of Freehold Royalties in a research note on Monday, September 19th. Finally, Canaccord Genuity increased their price target on shares of Freehold Royalties from C$13.00 to C$14.25 and gave the company a “hold” rating in a research note on Wednesday, October 12th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Freehold Royalties currently has an average rating of “Buy” and an average price target of C$15.18.
Shares of Freehold Royalties (TSE:FRU) opened at 12.25 on Wednesday. The company’s market cap is $1.44 billion. Freehold Royalties has a 1-year low of $8.29 and a 1-year high of $13.46. The stock’s 50 day moving average is $12.75 and its 200 day moving average is $11.86.
The firm also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 15th will be given a $0.04 dividend. The ex-dividend date is Monday, November 28th. This represents a $0.48 annualized dividend and a yield of 3.92%.
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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