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

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

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

Freehold Royalties Price Performance

Freehold Royalties has a one year low of C$12.68 and a one year high of C$14.84. The firm’s 50 day moving average is C$13.89 and its 200 day moving average is C$13.79. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The stock has a market cap of C$1.95 billion, a P/E ratio of 12.95, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of ∞. Freehold Royalties’s payout ratio is currently 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.