Diversified Royalty (TSE:DIV) Price Target Raised to C$4.00 at Desjardins

Key Points

• Desjardins has increased its price target for Diversified Royalty (TSE:DIV) from C$3.75 to C$4.00, suggesting an upside of 18.69% from the last closing price.
• Other analysts, including CIBC and Raymond James, have also updated their price targets, with consensus ratings showing a majority recommending a "Buy" for the stock.
• The stock is currently trading at C$3.37, with a market capitalization of C$515.21 million and demonstrating notable liquidity with over 598,608 shares exchanged on a recent trading day.

Diversified Royalty (TSE:DIV - Get Free Report) had its price objective lifted by investment analysts at Desjardins from C$3.75 to C$4.00 in a research report issued on Thursday,BayStreet.CA reports. Desjardins' price target would suggest a potential upside of 18.69% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Raymond James Financial boosted their price target on Diversified Royalty from C$3.40 to C$3.60 and gave the company an "outperform" rating in a research report on Thursday, June 19th. CIBC lifted their target price on Diversified Royalty from C$3.10 to C$3.20 and gave the company a "neutral" rating in a research note on Thursday, June 19th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$3.70.

Diversified Royalty Stock Up 0.3%

Shares of Diversified Royalty stock traded up C$0.01 during trading hours on Thursday, hitting C$3.37. The company had a trading volume of 381,193 shares, compared to its average volume of 310,404. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74. The company's 50-day moving average is C$3.18 and its two-hundred day moving average is C$2.95. The company has a market cap of C$515.21 million, a P/E ratio of 17.59 and a beta of 1.57. Diversified Royalty has a twelve month low of C$2.50 and a twelve month high of C$3.41.

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.