Diversified Royalty (TSE:DIV) Price Target Raised to C$4.75 at Desjardins

Diversified Royalty (TSE:DIV) had its price target upped by Desjardins from C$4.50 to C$4.75 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 2.37% from the company’s current price.

Diversified Royalty Trading Up 7.7%

DIV traded up C$0.33 during trading on Tuesday, hitting C$4.64. 2,117,938 shares of the stock were exchanged, compared to its average volume of 353,564. The firm has a 50 day simple moving average of C$4.20 and a 200 day simple moving average of C$3.95. The firm has a market cap of C$793.48 million, a price-to-earnings ratio of 22.10 and a beta of 1.07. Diversified Royalty has a 1 year low of C$2.87 and a 1 year high of C$4.72. The company has a debt-to-equity ratio of 103.05, a quick ratio of 1.74 and a current ratio of 2.84.

Diversified Royalty (TSE:DIV) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$18.80 million for the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%. As a group, equities analysts expect that Diversified Royalty will post 0.2 EPS for the current year.

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. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.