Diversified Royalty (TSE:DIV) Price Target Raised to C$5.50

Diversified Royalty (TSE:DIV) had its target price boosted by analysts at Canaccord Genuity Group from C$4.75 to C$5.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 13.17% from the stock’s current price.

Separately, Desjardins boosted their target price on shares of Diversified Royalty from C$4.50 to C$4.75 and gave the company a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Diversified Royalty presently has a consensus rating of “Moderate Buy” and an average price target of C$4.74.

Diversified Royalty Stock Performance

DIV stock traded up C$0.19 on Wednesday, reaching C$4.86. 1,503,490 shares of the company were exchanged, compared to its average volume of 369,059. Diversified Royalty has a 12 month low of C$2.87 and a 12 month high of C$4.88. The stock’s fifty day moving average price is C$4.21 and its 200 day moving average price is C$3.96. The firm has a market capitalization of C$831.10 million, a PE ratio of 23.14 and a beta of 1.07. The company has a debt-to-equity ratio of 103.05, a current ratio of 2.84 and a quick ratio of 1.74.

Diversified Royalty (TSE:DIV) last announced its earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share (EPS) for the quarter. Diversified Royalty had a net margin of 49.91% and a return on equity of 12.54%. The business had revenue of C$18.80 million for the quarter. On average, research analysts anticipate that Diversified Royalty will post 0.2 EPS for the current fiscal year.

Diversified Royalty Company Profile

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. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.