Diversified Royalty (TSE:DIV) Stock Gets Price Target Trim from Desjardins

Diversified Royalty (TSE:DIV) had its price objective decreased by equities researchers at Desjardins from C$4.75 to C$4.50 in a report released on Tuesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins‘s target price would suggest a potential upside of 27.48% from the stock’s current price.

Separately, ATB Cormark Capital Markets lowered their price target on Diversified Royalty from C$7.25 to C$7.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$5.08.

Diversified Royalty Stock Down 2.5%

Shares of TSE DIV traded down C$0.09 during mid-day trading on Tuesday, reaching C$3.53. 1,919,920 shares of the company traded hands, compared to its average volume of 479,164. The company has a debt-to-equity ratio of 212.48, a quick ratio of 1.74 and a current ratio of 0.49. The stock has a market cap of C$666.31 million, a PE ratio of 20.76 and a beta of 0.90. The company’s fifty day moving average is C$4.07 and its two-hundred day moving average is C$4.28. Diversified Royalty has a fifty-two week low of C$3.42 and a fifty-two week high of C$4.98.

Diversified Royalty (TSE:DIV) last posted its earnings results on Saturday, November 7th. The company reported C$0.03 earnings per share for the quarter. Diversified Royalty had a return on equity of 10.39% and a net margin of 39.72%. The firm had revenue of C$31.53 million during the quarter. On average, analysts expect that Diversified Royalty will post 0.20 earnings per share for the current year.

Insider Transactions at Diversified Royalty

In other Diversified Royalty news, Director Johnny Ciampi bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of C$3.99 per share, for a total transaction of C$399,000.00. Following the purchase, the director directly owned 112,767 shares in the company, valued at C$449,940.33. This trade represents a 783.27% increase in their ownership of the stock. Also, insider Sean Morrison bought 12,626 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of C$4.02 per share, with a total value of C$50,756.52. Following the purchase, the insider owned 771,648 shares in the company, valued at C$3,102,024.96. This trade represents a 1.66% increase in their ownership of the stock. Insiders own 0.52% of the company’s stock.

Diversified Royalty Company Profile

DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors. DIV, through its subsidiary, Mr. Lube Canada Ltd., also operates the Mr. Lube + Tires franchisor business in Canada. Mr. Lube + Tires is the leading Canadian automotive service chain specializing in fast, drive-in drive-through, no-appointment-needed vehicle maintenance.