Freehold Royalties Ltd. (FRU) PT Raised to C$17.00 at Canaccord Genuity

Freehold Royalties Ltd. (TSE:FRU) had its price target increased by Canaccord Genuity from C$16.00 to C$17.00 in a research report released on Monday morning.

Other research analysts have also issued reports about the company. Barclays PLC boosted their target price on Freehold Royalties from C$14.00 to C$15.00 in a report on Monday, October 30th. CIBC boosted their target price on Freehold Royalties from C$16.50 to C$17.50 in a report on Tuesday, October 17th. Eight Capital decreased their target price on Freehold Royalties from C$17.75 to C$17.50 in a report on Monday. Raymond James Financial, Inc. boosted their target price on Freehold Royalties from C$15.50 to C$16.50 and gave the stock an outperform rating in a report on Friday, November 10th. Finally, National Bank Financial boosted their target price on Freehold Royalties from C$16.00 to C$16.50 and gave the stock an outperform rating in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Freehold Royalties presently has an average rating of Buy and a consensus target price of C$16.98.

Shares of Freehold Royalties (FRU) opened at C$15.09 on Monday. Freehold Royalties has a 12 month low of C$11.68 and a 12 month high of C$16.41.

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The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Wednesday, November 29th. Freehold Royalties’s dividend payout ratio is 294.74%.

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.

Analyst Recommendations for Freehold Royalties (TSE:FRU)

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