Diversified Royalty (TSE:DIV) Stock Price Expected to Rise, Desjardins Analyst Says

Diversified Royalty (TSE:DIV) had its price target upped by equities research analysts at Desjardins from C$4.00 to C$4.50 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 11.66% from the company’s previous close.

Separately, Canadian Imperial Bank of Commerce boosted their price target on shares of Diversified Royalty from C$3.50 to C$4.00 in a research note on Friday, November 14th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$4.03.

Diversified Royalty Stock Performance

DIV stock remained flat at C$4.03 during trading on Tuesday. The company had a trading volume of 172,351 shares, compared to its average volume of 265,714. The firm has a market cap of C$688.10 million, a PE ratio of 23.71 and a beta of 0.99. The stock has a 50 day moving average price of C$3.82 and a 200-day moving average price of C$3.63. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28. Diversified Royalty has a 1-year low of C$2.57 and a 1-year high of C$4.09.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.05 earnings per share for the quarter. Diversified Royalty had a return on equity of 11.46% and a net margin of 49.25%.The firm had revenue of C$19.59 million during the quarter. Research analysts forecast that Diversified Royalty will post 0.2 EPS for the current 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.