Desjardins Upgrades Diversified Royalty (TSE:DIV) to Moderate Buy

Diversified Royalty (TSE:DIV) was upgraded by research analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Diversified Royalty Stock Up 0.4 %

TSE DIV opened at C$2.83 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 4.28 and a debt-to-equity ratio of 90.70. Diversified Royalty has a 52 week low of C$2.50 and a 52 week high of C$3.09. The business’s fifty day simple moving average is C$2.86 and its 200-day simple moving average is C$2.92. The firm has a market cap of C$432.65 million, a PE ratio of 14.77 and a beta of 1.57.

Diversified Royalty Company Profile

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments.