The stock of Diversified Royalty Corp (TSE:DIV) is a huge mover today! About 39,079 shares traded hands. Diversified Royalty Corp (TSE:DIV) has risen 5.68% since March 10, 2016 and is uptrending. It has outperformed by 0.06% the S&P500.
The move comes after 5 months positive chart setup for the $274.62M company. It was reported on Oct, 17 by Barchart.com. We have $4.54 PT which if reached, will make TSE:DIV worth $236.17M more.
Diversified Royalty Corp (TSE:DIV) Ratings Coverage
Out of 3 analysts covering Diversified Royalty (TSE:DIV), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $3.75 is the highest target while $3 is the lowest. The $3.25 average target is 33.20% above today’s ($2.44) stock price. Diversified Royalty has been the topic of 4 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of Diversified Royalty Corp (TSE:DIV) earned “Buy” rating by Haywood Securities on Thursday, January 21.
More important recent Diversified Royalty Corp (TSE:DIV) news were published by: Reuters.com which released: “BRIEF-Diversified Royalty Corp. announces agreement for the indirect sale …” on September 01, 2016, also Seekingalpha.com published article titled: “Diversified Royalty: Finally Stretched Too Thin”, Marketwired.com published: “Diversified Royalty Corp. Announces Second Quarter 2016 Results” on August 15, 2016. More interesting news about Diversified Royalty Corp (TSE:DIV) was released by: Seekingalpha.com and their article: “Diversified Royalty: Finally, It Is Diversified (BEVFF)” with publication date: July 01, 2015.
Diversified Royalty Corp. , formerly BENEV Capital Inc., is a multi-royalty company. The company has a market cap of $274.62 million. The Firm is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America (Royalty Partners). It has a 26.42 P/E ratio. The Company’s primary objectives are to purchase stable and growing royalty streams from Royalty Partners, and increase distributable cash per Share by making accretive royalty purchases.
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