Diversified Royalty (TSE:DIV) Price Target Raised to C$5.50 at ATB Cormark Capital Markets

Diversified Royalty (TSE:DIV) had its target price increased by stock analysts at ATB Cormark Capital Markets from C$5.00 to C$5.50 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective would indicate a potential upside of 12.70% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group lifted their price target on Diversified Royalty from C$4.75 to C$5.50 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial lifted their price target on Diversified Royalty from C$4.25 to C$4.70 and gave the company an “outperform” rating in a report on Wednesday. Finally, Desjardins boosted their target price on Diversified Royalty from C$4.50 to C$4.75 and gave the stock a “buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Diversified Royalty currently has an average rating of “Moderate Buy” and a consensus target price of C$4.89.

Diversified Royalty Stock Up 2.1%

Shares of Diversified Royalty stock traded up C$0.10 during trading on Thursday, hitting C$4.88. 805,982 shares of the stock traded hands, compared to its average volume of 375,995. The stock has a market cap of C$835.79 million, a P/E ratio of 24.40 and a beta of 1.07. 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 has a twelve month low of C$2.87 and a twelve month high of C$4.92. The company has a fifty day moving average price of C$4.22 and a two-hundred day moving average price of C$3.97.

Diversified Royalty (TSE:DIV) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$18.80 million during the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%. Equities research analysts predict that Diversified Royalty will post 0.2 EPS for the current fiscal year.

About Diversified Royalty

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.