Ventum Financial set a C$4.00 price target on Diversified Royalty (TSE:DIV – Free Report) in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Diversified Royalty Stock Performance
TSE:DIV opened at C$2.96 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 5.73 and a debt-to-equity ratio of 89.69. The firm’s fifty day simple moving average is C$2.81 and its 200 day simple moving average is C$2.80. The stock has a market cap of C$489.73 million, a P/E ratio of 14.10 and a beta of 1.56. Diversified Royalty has a twelve month low of C$2.35 and a twelve month high of C$2.97.
Diversified Royalty (TSE:DIV – Get Free Report) last announced its earnings results on Friday, August 9th. The company reported C$0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.05. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%. The firm had revenue of C$16.78 million for the quarter, compared to analyst estimates of C$17.50 million. As a group, research analysts predict that Diversified Royalty will post 0.1950568 EPS for the current year.
Diversified Royalty Announces Dividend
Diversified Royalty Company Profile
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.
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