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

Diversified Royalty (TSE:DIV) had its price objective increased by equities researchers at CIBC from C$3.00 to C$3.10 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 9.93% from the stock’s previous close.

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

Diversified Royalty Price Performance

TSE:DIV opened at C$2.82 on Tuesday. 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 52 week low of C$2.50 and a 52 week high of C$3.09. The stock’s 50-day moving average price is C$2.80 and its 200-day moving average price is C$2.91. The stock has a market capitalization of C$431.12 million, a PE ratio of 14.72 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.