Diversified Royalty (OTCMKTS:BEVFF) Given New C$3.30 Price Target at CIBC

Diversified Royalty (OTCMKTS:BEVFF – Get Rating) had its price objective lowered by CIBC from C$3.50 to C$3.30 in a research note released on Monday, The Fly reports.

Diversified Royalty Price Performance

OTCMKTS BEVFF opened at $2.25 on Monday. The business has a fifty day simple moving average of $2.38 and a 200 day simple moving average of $2.24. Diversified Royalty has a 12 month low of $1.95 and a 12 month high of $2.68. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.99 and a quick ratio of 1.99.

Diversified Royalty Company Profile

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Diversified Royalty Corp. engages in the acquisition of well-managed royalties from multi-location businesses and franchisors. It also owns the following trademarks: Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, and Oxford Learning Centres. The company was founded on July 29, 1992 and is headquartered in Vancouver, Canada.