Freehold Royalties (TSE:FRU) Price Target Cut to C$15.00 by Analysts at CIBC

Freehold Royalties (TSE:FRU) had its price objective reduced by CIBC from C$16.00 to C$15.00 in a report issued on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on FRU. National Bankshares boosted their price target on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets raised shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Raymond James decreased their price target on shares of Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday. Scotiabank raised shares of Freehold Royalties to a “hold” rating in a report on Wednesday, March 19th. Finally, Desjardins raised their target price on Freehold Royalties from C$16.50 to C$17.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Freehold Royalties has an average rating of “Moderate Buy” and a consensus price target of C$16.43.

Freehold Royalties Stock Down 8.1 %

Freehold Royalties stock opened at C$10.85 on Thursday. Freehold Royalties has a 1-year low of C$10.53 and a 1-year high of C$14.77. The business has a fifty day moving average price of C$12.44 and a 200-day moving average price of C$13.16. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The stock has a market capitalization of C$1.63 billion, a price-to-earnings ratio of 12.30, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 9.95%. The ex-dividend date of this dividend was Friday, February 28th. Freehold Royalties’s payout ratio is 122.40%.

About Freehold Royalties

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.