National Bankshares Issues Positive Forecast for Freehold Royalties (TSE:FRU) Stock Price

Freehold Royalties (TSE:FRU) had its target price upped by National Bankshares from C$15.50 to C$16.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the stock a “neutral” rating in a report on Monday, December 16th. BMO Capital Markets upgraded shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Finally, Canaccord Genuity Group lowered their price target on shares of Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$16.71.

Freehold Royalties Stock Up 0.1 %

TSE FRU opened at C$12.76 on Thursday. The business has a fifty day moving average price of C$13.20 and a two-hundred day moving average price of C$13.61. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50. Freehold Royalties has a fifty-two week low of C$12.19 and a fifty-two week high of C$14.84. The stock has a market capitalization of C$1.92 billion, a PE ratio of 12.76, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties (TSE:FRU) last released its earnings results on Thursday, November 7th. The company reported C$0.17 earnings per share for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. Equities analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, January 31st. This represents a $1.08 dividend on an annualized basis and a yield of 8.46%. Freehold Royalties’s dividend payout ratio (DPR) is currently 108.00%.

About Freehold Royalties

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.