CIBC Analysts Give Freehold Royalties (TSE:FRU) a C$16.00 Price Target

CIBC set a C$16.00 price objective on Freehold Royalties (TSE:FRU) in a research report released on Monday morning,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on FRU. Canaccord Genuity Group decreased their target price on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Atb Cap Markets lowered Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Freehold Royalties currently has a consensus rating of “Hold” and an average price target of C$17.28.

Freehold Royalties Trading Down 2.1 %

Freehold Royalties stock opened at C$12.42 on Monday. Freehold Royalties has a 12-month low of C$12.39 and a 12-month high of C$14.84. The stock has a market capitalization of C$1.87 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The firm has a 50 day simple moving average of C$13.86 and a 200-day simple moving average of C$13.78. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50.

Freehold Royalties Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend was Friday, November 29th. Freehold Royalties’s dividend payout ratio (DPR) is presently 108.00%.

Freehold Royalties Company Profile

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.