Diversified Royalty (TSE:DIV - Get Free Report) had its price objective increased by investment analysts at CIBC from C$3.10 to C$3.20 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a "neutral" rating on the stock.
Separately, Desjardins set a C$3.75 target price on Diversified Royalty and gave the stock a "buy" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Diversified Royalty has an average rating of "Buy" and a consensus target price of C$3.64.
Read Our Latest Stock Report on DIV
Diversified Royalty Price Performance
Shares of DIV stock traded up C$0.09 during trading hours on Thursday, reaching C$3.20. The company had a trading volume of 572,644 shares, compared to its average volume of 312,181. Diversified Royalty has a 12-month low of C$2.50 and a 12-month high of C$3.21. The company has a market capitalization of C$489.22 million, a price-to-earnings ratio of 16.70 and a beta of 1.57. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28. The stock has a fifty day moving average of C$2.90 and a 200-day moving average of C$2.86.
About Diversified Royalty
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Diversified Royalty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diversified Royalty wasn't on the list.
While Diversified Royalty currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
