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

Diversified Royalty (TSE:DIV) had its price objective increased by equities research analysts at CIBC from C$3.10 to C$3.20 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 0.63% from the company’s current price.

Separately, Desjardins set a C$3.75 target price on Diversified Royalty and gave the company a “buy” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$3.64.

Diversified Royalty Trading Up 0.3%

TSE:DIV opened at C$3.18 on Thursday. Diversified Royalty has a 1 year low of C$2.50 and a 1 year high of C$3.21. The stock’s fifty day moving average price is C$2.92 and its two-hundred day moving average price is C$2.86. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74. The company has a market cap of C$486.16 million, a P/E ratio of 16.60 and a beta of 1.57.

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.