Diversified Royalty (TSE:DIV) Given a C$3.75 Price Target by Desjardins Analysts

Diversified Royalty (TSE:DIV) has been assigned a C$3.75 target price by investment analysts at Desjardins in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 32.04% from the company’s current price.

Diversified Royalty Price Performance

Shares of TSE DIV traded up C$0.02 during trading on Wednesday, reaching C$2.84. The company had a trading volume of 379,370 shares, compared to its average volume of 244,105. Diversified Royalty has a 52 week low of C$2.50 and a 52 week high of C$3.09. The business’s 50 day moving average price is C$2.86 and its 200-day moving average price is C$2.91. 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 market cap of C$434.18 million, a PE ratio of 14.82 and a beta of 1.57.

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.