Freehold Royalties Ltd. (TSE:FRU) Receives Average Recommendation of “Hold” from Analysts

Freehold Royalties Ltd. (TSE:FRU) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$16.04.

A number of brokerages have issued reports on FRU. Raymond James decreased their price target on Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. National Bankshares upped their price target on Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Scotiabank upgraded shares of Freehold Royalties to a “hold” rating in a research note on Wednesday, March 19th. CIBC lowered their target price on shares of Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Finally, Desjardins downgraded shares of Freehold Royalties from a “buy” rating to a “hold” rating and dropped their target price for the company from C$15.00 to C$14.25 in a research report on Tuesday, April 15th.

Freehold Royalties Price Performance

Shares of FRU opened at C$11.82 on Friday. The firm has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 13.40, a PEG ratio of -0.92 and a beta of 1.93. The firm’s fifty day simple moving average is C$12.22 and its 200-day simple moving average is C$13.00. Freehold Royalties has a twelve month low of C$10.53 and a twelve month high of C$14.62. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91.

Freehold Royalties Announces Dividend

The firm also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, April 30th. This represents a yield of 9.6%. Freehold Royalties’s dividend payout ratio is presently 122.40%.

Freehold Royalties Company Profile

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.