Duke Royalty’s (DUKE) Buy Rating Reaffirmed at Shore Capital

Shore Capital reiterated their buy rating on shares of Duke Royalty (LON:DUKE – Get Rating) in a research note issued to investors on Wednesday morning, Marketbeat reports.

Duke Royalty Price Performance

DUKE stock opened at GBX 30.70 ($0.38) on Wednesday. The company has a debt-to-equity ratio of 22.05, a quick ratio of 15.36 and a current ratio of 15.88. Duke Royalty has a 1 year low of GBX 27.25 ($0.34) and a 1 year high of GBX 38 ($0.47). The firm has a market cap of £128.17 million, a P/E ratio of 422.86 and a beta of 1.30. The stock has a 50-day simple moving average of GBX 30.81 and a 200-day simple moving average of GBX 32.93.

Duke Royalty Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 12th. Investors of record on Thursday, March 30th were issued a GBX 0.70 ($0.01) dividend. This represents a yield of 2.24%. The ex-dividend date of this dividend was Thursday, March 30th. Duke Royalty’s dividend payout ratio is currently 4,285.71%.

Duke Royalty Company Profile

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Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.