Diversified Royalty (TSE:DIV) Upgraded to Moderate Buy at Desjardins

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

Diversified Royalty Stock Up 0.4 %

Diversified Royalty stock opened at C$2.83 on Tuesday. The company has a market capitalization of C$432.65 million, a PE ratio of 14.77 and a beta of 1.57. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28. Diversified Royalty has a fifty-two week low of C$2.50 and a fifty-two week high of C$3.09. The firm has a 50 day moving average price of C$2.86 and a 200 day moving average price of C$2.92.

About Diversified Royalty

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.