Freehold Royalties (TSE:FRU) had its price target upped by National Bank Financial from C$10.00 to C$10.50 in a research note issued to investors on Friday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.
FRU has been the subject of several other research reports. Royal Bank of Canada cut their target price on Freehold Royalties from C$14.00 to C$13.00 in a research note on Thursday, July 18th. CIBC lowered their price target on Freehold Royalties from C$11.00 to C$9.50 in a research report on Thursday, July 18th. Raymond James lowered their price target on Freehold Royalties from C$10.25 to C$9.00 in a research report on Thursday, July 11th. Canaccord Genuity raised their price target on Freehold Royalties from C$11.50 to C$12.00 in a research report on Tuesday, April 9th. Finally, Eight Capital lowered their price target on Freehold Royalties from C$12.00 to C$11.50 in a research report on Wednesday, May 8th.
FRU stock opened at C$8.10 on Friday. The stock’s fifty day simple moving average is C$8.26. The company has a debt-to-equity ratio of 12.00, a quick ratio of 1.77 and a current ratio of 1.90. The firm has a market capitalization of $959.51 million and a PE ratio of 405.00. Freehold Royalties has a 52-week low of C$7.66 and a 52-week high of C$12.35.
The company also recently declared a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be given a dividend of $0.0525 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.63 annualized dividend and a dividend yield of 7.78%. Freehold Royalties’s dividend payout ratio is currently 2,625.00%.
About Freehold Royalties
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.2 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 43,000 wells and receives royalty from 300 industry operators.
Featured Article: Hold Rating
Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.