Royal Bank Of Canada Reiterates “Outperform” Rating for Freehold Royalties Ltd (FRU)
Freehold Royalties Ltd (TSE:FRU)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday. They presently have a C$16.00 price objective on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 30.51% from the company’s current price.
FRU has been the topic of a number of other reports. CIBC upped their price target on Freehold Royalties from C$13.50 to C$16.00 in a research report on Wednesday, October 19th. Raymond James Financial Inc. reaffirmed an “outperform” rating and set a C$15.00 price target on shares of Freehold Royalties in a research report on Monday, September 19th. Cormark reaffirmed a “buy” rating on shares of Freehold Royalties in a research report on Friday, October 28th. National Bank Financial reaffirmed an “outperform” rating and set a C$16.00 price target on shares of Freehold Royalties in a research report on Wednesday. Finally, Barclays PLC upped their price target on Freehold Royalties from C$13.00 to C$14.00 in a research report on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$15.18.
Freehold Royalties (TSE:FRU) opened at 12.25 on Wednesday. The company has a 50-day moving average price of $12.75 and a 200-day moving average price of $11.86. Freehold Royalties has a one year low of $8.29 and a one year high of $13.46. The company’s market capitalization is $1.44 billion.
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 issued a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 3.92%. The ex-dividend date is Monday, November 28th.
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.
Receive News & Stock Ratings for Freehold Royalties Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties Ltd and related stocks with our FREE daily email newsletter.