Freehold Royalties (TSE:FRU) Given New C$19.00 Price Target at Canaccord Genuity Group

Freehold Royalties (TSE:FRUFree Report) had its price target reduced by Canaccord Genuity Group from C$19.50 to C$19.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the company. ATB Capital lowered their target price on Freehold Royalties from C$19.50 to C$19.00 in a research report on Tuesday, January 2nd. CIBC lowered their price objective on Freehold Royalties from C$16.75 to C$16.00 and set a neutral rating on the stock in a research report on Tuesday, January 16th. BMO Capital Markets set a C$15.00 price objective on Freehold Royalties and gave the company a market perform rating in a research report on Wednesday, March 13th. National Bankshares lowered their price objective on Freehold Royalties from C$20.00 to C$17.00 and set an outperform rating on the stock in a research report on Wednesday, January 10th. Finally, Raymond James lowered their price objective on Freehold Royalties from C$20.00 to C$17.50 and set an outperform rating on the stock in a research report on Friday, January 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of C$17.75.

View Our Latest Analysis on FRU

Freehold Royalties Price Performance

TSE FRU opened at C$14.30 on Wednesday. The company has a market capitalization of C$2.15 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01. The company has a debt-to-equity ratio of 13.49, a quick ratio of 1.50 and a current ratio of 2.12. The business’s fifty day moving average is C$14.22 and its 200 day moving average is C$14.13. Freehold Royalties has a fifty-two week low of C$12.66 and a fifty-two week high of C$15.27.

Freehold Royalties (TSE:FRUGet Free Report) last released its earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter. The company had revenue of C$80.06 million for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. Sell-side analysts predict that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.09 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.08 annualized dividend and a dividend yield of 7.55%. Freehold Royalties’s dividend payout ratio (DPR) is 122.73%.

About Freehold Royalties

(Get Free Report)

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.

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Analyst Recommendations for Freehold Royalties (TSE:FRU)

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