Freehold Royalties Ltd. (TSE:FRU) Receives C$17.55 Average Target Price from Brokerages

Freehold Royalties Ltd. (TSE:FRUGet Free Report) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$17.55.

Several equities research analysts have weighed in on FRU shares. National Bankshares raised their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. BMO Capital Markets set a C$15.00 target price on Freehold Royalties and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Desjardins decreased their target price on Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Acumen Capital set a C$18.00 target price on Freehold Royalties in a report on Wednesday, May 8th. Finally, Canaccord Genuity Group decreased their price target on Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a report on Wednesday, April 17th.

Check Out Our Latest Analysis on FRU

Freehold Royalties Stock Up 0.7 %

TSE:FRU opened at C$14.14 on Tuesday. Freehold Royalties has a twelve month low of C$12.66 and a twelve month high of C$15.27. The company has a market cap of C$2.13 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of -0.92 and a beta of 2.00. The stock has a fifty day simple moving average of C$14.19 and a 200-day simple moving average of C$14.03. The company has a current ratio of 1.36, a quick ratio of 1.50 and a debt-to-equity ratio of 24.39.

Freehold Royalties (TSE:FRUGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported C$0.23 EPS for the quarter. The firm had revenue of C$74.27 million for the quarter. Freehold Royalties had a return on equity of 14.40% and a net margin of 43.19%. Analysts anticipate that Freehold Royalties will post 0.7581169 EPS for the current year.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 7.64%. The ex-dividend date of this dividend is Friday, May 31st. Freehold Royalties’s dividend payout ratio (DPR) is presently 120.00%.

Insider Activity

In other news, Senior Officer Ian C. Hantke bought 8,590 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of C$13.91 per share, with a total value of C$119,486.90. In related news, Senior Officer Ian C. Hantke purchased 8,590 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of C$13.91 per share, for a total transaction of C$119,486.90. Also, Senior Officer David Michael Spyker acquired 20,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was acquired at an average price of C$13.80 per share, for a total transaction of C$276,000.00. Corporate insiders own 0.45% of the company’s stock.

Freehold Royalties Company Profile

(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.

See Also

Analyst Recommendations for Freehold Royalties (TSE:FRU)

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