Diversified Royalty (TSE:DIV) had its price objective hoisted by analysts at Pi Financial from C$3.00 to C$4.00 in a research note issued to investors on Monday, PriceTargets.com reports. The brokerage presently has a “na” rating on the stock. Pi Financial’s price target indicates a potential upside of 57.48% from the company’s previous close. Pi Financial also issued estimates for Diversified Royalty’s FY2022 earnings at $0.17 EPS.
Separately, CIBC restated an “outperform” rating and set a C$3.00 target price on shares of Diversified Royalty in a report on Thursday, April 29th.
Shares of DIV stock opened at C$2.54 on Monday. Diversified Royalty has a 12 month low of C$1.60 and a 12 month high of C$2.62. The stock has a market cap of C$305.59 million and a PE ratio of -33.87. The company has a current ratio of 3.77, a quick ratio of 3.68 and a debt-to-equity ratio of 83.60. The company’s fifty day moving average price is C$2.51 and its 200-day moving average price is C$2.40.
Diversified Royalty (TSE:DIV) last announced its earnings results on Thursday, March 11th. The company reported C$0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.04. The business had revenue of C$8.92 million for the quarter, compared to the consensus estimate of C$9.59 million. On average, sell-side analysts forecast that Diversified Royalty will post 0.17 earnings per share for the current fiscal year.
About Diversified Royalty
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, and Oxford Learning Centres trademarks. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp.
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