Berenberg Bank Boosts Duke Royalty (LON:DUKE) Price Target to GBX 56

Duke Royalty (LON:DUKE) had its target price hoisted by Berenberg Bank from GBX 54 ($0.71) to GBX 56 ($0.73) in a research note released on Tuesday morning, Digital Look reports. The firm currently has a buy rating on the stock.

LON:DUKE opened at GBX 45.52 ($0.59) on Tuesday. The stock has a market capitalization of $90.98 million and a PE ratio of 91.04. Duke Royalty has a 52 week low of GBX 39.80 ($0.52) and a 52 week high of GBX 64.30 ($0.84). The firm’s 50 day moving average price is GBX 46.52.

The business also recently announced a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 27th will be given a dividend of GBX 0.70 ($0.01) per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 1.46%. Duke Royalty’s payout ratio is currently 6.00%.

Duke Royalty Company Profile

Duke Royalty Limited, formerly Praetorian Resources Limited, is a closed-ended investment holding company. The Company’s investment policy is to invest in a diversified portfolio of royalty finance and related opportunities to build a stable and reliable income for shareholders by seeking to invest in, long term, revenue-based royalties in private and/or public companies, and/or other alternative asset classes and/or financing instruments from time to time that bear similar risk and return characteristics to the investments in long term, revenue-based royalties.

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