Alaris Royalty Corp. (AD) Given New C$30.50 Price Target at Acumen Capital
Alaris Royalty Corp. (TSE:AD) had its price objective cut by equities researchers at Acumen Capital from C$33.00 to C$30.50 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Acumen Capital’s price objective indicates a potential upside of 38.13% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Royal Bank Of Canada lowered their price objective on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research note on Thursday, July 28th. RBC Capital Markets lowered their price objective on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research note on Thursday, July 28th. Raymond James Financial Inc. lowered their price objective on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research note on Thursday, July 28th. Canaccord Genuity upgraded Alaris Royalty Corp. from a “hold” rating to a “buy” rating and lowered their price objective for the stock from C$28.00 to C$26.50 in a research note on Tuesday. Finally, Scotiabank restated an “outperform” rating and set a C$37.00 price objective on shares of Alaris Royalty Corp. in a research note on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$29.56.
Alaris Royalty Corp. (TSE:AD) traded down 1.09% during trading on Tuesday, reaching $21.84. The company’s stock had a trading volume of 185,997 shares. Alaris Royalty Corp. has a 52-week low of $21.00 and a 52-week high of $31.20. The firm has a 50 day moving average price of $22.68 and a 200-day moving average price of $27.12. The stock has a market cap of $793.58 million and a price-to-earnings ratio of 14.47.
About Alaris Royalty Corp.
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
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