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

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

FRU has been the subject of a number of other reports. Atb Cap Markets cut shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Canaccord Genuity Group lowered their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Finally, Raymond James upgraded Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$17.28.

Freehold Royalties Price Performance

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 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’s 50 day moving average is C$13.86 and its 200-day moving average is C$13.78. The company has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 12.42, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend was Friday, November 29th. 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.