Diversified Royalty (TSE:DIV) Price Target Raised to C$4.00 at CIBC

Diversified Royalty (TSE:DIV) had its target price raised by analysts at CIBC from C$3.50 to C$4.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 10.50% from the stock’s previous close.

Separately, Desjardins boosted their target price on Diversified Royalty from C$3.75 to C$4.00 in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$3.87.

Diversified Royalty Trading Down 2.9%

Diversified Royalty stock traded down C$0.11 during mid-day trading on Friday, hitting C$3.62. The company’s stock had a trading volume of 259,484 shares, compared to its average volume of 309,535. The firm has a market capitalization of C$614.19 million, a PE ratio of 22.63 and a beta of 0.92. The company has a current ratio of 4.28, a quick ratio of 1.74 and a debt-to-equity ratio of 90.70. Diversified Royalty has a 1 year low of C$2.50 and a 1 year high of C$3.82. The stock’s fifty day moving average is C$3.59 and its two-hundred day moving average is C$3.31.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.05 earnings per share (EPS) for the quarter. Diversified Royalty had a net margin of 49.25% and a return on equity of 11.46%. The firm had revenue of C$15.67 million for the quarter. On average, analysts anticipate that Diversified Royalty will post 0.2 EPS for the current year.

About Diversified Royalty

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments.