Rating Buzzer: CIBC World Markets Analyst Reaffirmed $3.00 Price Target on Diversified Royalty (TSE:DIV) stock, While Reiterating “Outperform” Rating

November 28, 2016 - By Nellie Frank

Diversified Royalty (TSE:DIV) Rating

Diversified Royalty (TSE:DIV) had its stock rating noted as “Outperform” by analysts at CIBC World Markets. CIBC World Markets currently has a $3.00 target price on the $281.06 million market cap company or 22.45% upside potential. This was disclosed in an analyst report on Monday, 28 November.

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 32.11% above today’s ($2.46) stock price. Diversified Royalty has been the topic of 4 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, January 21 by Haywood Securities.

About 438,857 shares traded hands or 27.40% up from the average. Diversified Royalty Corp (TSE:DIV) has risen 3.39% since April 22, 2016 and is uptrending. It has underperformed by 2.62% the S&P500.

Diversified Royalty Corp. , formerly BENEV Capital Inc., is a multi-royalty company. The company has a market cap of $281.06 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 39.4 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.

More recent Diversified Royalty Corp (TSE:DIV) news were published by: Finance.Yahoo.com which released: “Diversified Royalty Corp. Announces Third Quarter 2016 Results” on November 14, 2016. Also Reuters.com published the news titled: “BRIEF-Diversified Royalty Corp announces third quarter 2016 results” on November 14, 2016. Seekingalpha.com‘s news article titled: “Diversified Royalty: Finally Stretched Too Thin” with publication date: August 29, 2016 was also an interesting one.

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