CIBC Downgrades Diversified Royalty (TSE:DIV) to Neutral

Diversified Royalty (TSE:DIVGet Free Report) was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on the stock. Cormark reduced their target price on shares of Diversified Royalty from C$4.25 to C$4.00 in a report on Monday, February 26th. Raymond James set a C$3.40 price objective on shares of Diversified Royalty and gave the stock an “outperform” rating in a research note on Thursday, February 8th.

Read Our Latest Research Report on Diversified Royalty

Diversified Royalty Price Performance

Shares of DIV opened at C$2.84 on Monday. The firm has a market cap of C$467.63 million, a PE ratio of 12.91 and a beta of 1.58. The company has a current ratio of 0.69, a quick ratio of 1.74 and a debt-to-equity ratio of 128.77. The firm has a fifty day simple moving average of C$2.85 and a two-hundred day simple moving average of C$2.76. Diversified Royalty has a 1-year low of C$2.35 and a 1-year high of C$3.05.

Diversified Royalty (TSE:DIVGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The company reported C$0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.01. Diversified Royalty had a net margin of 56.15% and a return on equity of 13.46%. The firm had revenue of C$16.39 million during the quarter, compared to the consensus estimate of C$16.84 million. On average, equities analysts anticipate that Diversified Royalty will post 0.1807838 EPS for the current year.

Diversified Royalty Company Profile

(Get Free Report)

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 Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.

Further Reading

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