A statement released earlier today by CIBC World Markets about Diversified Royalty (TSE:DIV) ups the target price to $3.00
- Updated: November 28, 2016
In a report released on 11/28/2016 CIBC World Markets increased the stock price target of Diversified Royalty (TSE:DIV) to $3.00 reporting a possible upside of 0.22%.
Previously on 1/21/2016, Haywood Securities reported on Diversified Royalty (TSE:DIV) increased the target price from $0.00 to $3.00. At the time, this indicated a possible upside of 0.40%.
Just yesterday Diversified Royalty (TSE:DIV) traded 0.41% higher at $2.46. Diversified Royalty’s 50-day moving average is $2.48 and its 200-day moving average is $2.34. The last closing price is up 4.89% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 435,907 shares of DIV traded hands, down from an average trading volume of 505,262
Recent Performance Chart
Diversified Royalty has 52 week low of $1.96 and a 52 week high of $2.60 with a PE ratio of 39.52 and has a market capitalization of $0.
In addition to CIBC World Markets reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $2.56 with 1 broker rating the stock a strong buy, 5 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Diversified Royalty (TSE:DIV)
Diversified Royalty Corp. (DIV), formerly BENEV Capital Inc., is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America (Royalty Partners). Its primary objectives are to purchase stable and growing royalty streams from Royalty Partners, and increase distributable cash per Share by making accretive royalty purchases. The Company's Royalty Partners include Franworks Franchise Corp. (Franworks), Sutton Group Realty Services Ltd. (Sutton Group) and Mr. Lube Canada Limited Partnership (Mr. Lube). Franworks operates and franchises mid-casual restaurants in select markets in Canada and the United States. Sutton Group provides services to residential real estate REALTORS. Mr. Lube is engaged in quick lube business with a focus on vehicle maintenance.
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