Diversified Royalty (TSE:DIV) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Diversified Royalty (TSE:DIV - Get Free Report) had its price target raised by equities researchers at Raymond James Financial from C$3.40 to C$3.60 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Raymond James Financial's price objective points to a potential upside of 12.50% from the stock's current price.

A number of other equities analysts have also weighed in on DIV. Desjardins set a C$3.75 target price on Diversified Royalty and gave the stock a "buy" rating in a research report on Wednesday, February 26th. CIBC boosted their price target on shares of Diversified Royalty from C$3.10 to C$3.20 and gave the company a "neutral" rating in a research note on Thursday. One 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$3.64.

Diversified Royalty Stock Up 2.9%

TSE:DIV 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 twelve month low of C$2.50 and a twelve month high of C$3.21. The company has a quick ratio of 1.74, a current ratio of 4.28 and a debt-to-equity ratio of 90.70. The firm has a market cap of C$489.22 million, a price-to-earnings ratio of 16.70 and a beta of 1.57. The business's 50-day simple moving average is C$2.90 and its two-hundred day simple moving average is C$2.86.

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.

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