Diversified Royalty (DIV) PT Lowered to C$4.00

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Diversified Royalty (TSE:DIV) had its price target lowered by investment analysts at Pi Financial from C$4.25 to C$4.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Pi Financial’s price objective indicates a potential upside of 26.18% from the company’s current price.

Shares of TSE DIV opened at C$3.17 on Wednesday. The firm has a market cap of $339.83 million and a price-to-earnings ratio of 29.00. Diversified Royalty has a one year low of C$2.55 and a one year high of C$3.41. The company has a debt-to-equity ratio of 59.23, a quick ratio of 56.53 and a current ratio of 56.60.

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 primarily holds the Canadian and United States trademarks and other intellectual property rights related to the Original Joe's, Elephant & Castle, and State & Main restaurant businesses.

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