Diversified Royalty Corp. (TSE:DIV)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$2.99 and last traded at C$2.98, with a volume of 406093 shares changing hands. The stock had previously closed at C$2.90.
A number of research analysts recently commented on the stock. Pi Financial increased their price target on shares of Diversified Royalty from C$4.00 to C$4.40 and gave the company a “buy” rating in a report on Tuesday, August 3rd. Cormark lifted their price target on shares of Diversified Royalty from C$3.40 to C$3.75 and gave the company a “na” rating in a research note on Monday, August 16th. Finally, CIBC lifted their price target on shares of Diversified Royalty to C$3.25 and gave the company an “outperform” rating in a research note on Monday, August 16th.
The company’s 50 day moving average price is C$2.82 and its two-hundred day moving average price is C$2.64. The company has a quick ratio of 2.21, a current ratio of 2.29 and a debt-to-equity ratio of 90.47. The stock has a market cap of C$354.93 million and a P/E ratio of 37.92.
About Diversified Royalty (TSE:DIV)
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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