CIBC Boosts Diversified Royalty (TSE:DIV) Price Target to C$3.10

Diversified Royalty (TSE:DIV) had its price objective increased by equities research analysts at CIBC from C$3.00 to C$3.10 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price would suggest a potential upside of 11.11% from the company’s previous close.

Separately, Desjardins set a C$3.75 price target on Diversified Royalty and gave the company a “buy” rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.62.

Diversified Royalty Trading Up 0.7 %

Shares of DIV stock traded up C$0.02 during trading hours on Tuesday, hitting C$2.79. 577,209 shares of the company’s stock traded hands, compared to its average volume of 275,463. The company has a quick ratio of 1.74, a current ratio of 4.28 and a debt-to-equity ratio of 90.70. Diversified Royalty has a 12 month low of C$2.50 and a 12 month high of C$3.09. The stock has a market cap of C$426.54 million, a PE ratio of 14.56 and a beta of 1.57. The stock’s 50 day simple moving average is C$2.81 and its 200 day simple moving average is C$2.91.

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.