Diversified Royalty (TSE:DIV – Get Free Report) had its price objective raised by research analysts at Desjardins from C$4.50 to C$4.75 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 2.37% from the stock’s current price.
Diversified Royalty Stock Performance
Shares of DIV stock traded up C$0.33 on Tuesday, hitting C$4.64. The company had a trading volume of 2,117,938 shares, compared to its average volume of 353,564. The firm has a market cap of C$793.48 million, a P/E ratio of 22.10 and a beta of 1.07. The company has a 50-day moving average price of C$4.20 and a 200-day moving average price of C$3.95. The company has a quick ratio of 1.74, a current ratio of 2.84 and a debt-to-equity ratio of 103.05. Diversified Royalty has a twelve month low of C$2.87 and a twelve month high of C$4.72.
Diversified Royalty (TSE:DIV – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$18.80 million during the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%. As a group, equities research analysts predict that Diversified Royalty will post 0.2 earnings per share for the current fiscal 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. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.
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