Alaris Royalty Corp. (AD) Given “Sector Perform” Rating at Royal Bank Of Canada
Royal Bank Of Canada restated their sector perform rating on shares of Alaris Royalty Corp. (TSE:AD) in a report released on Tuesday morning. The firm currently has a C$25.00 price objective on the stock.
A number of other brokerages have also issued reports on AD. AltaCorp Capital lowered shares of Alaris Royalty Corp. from an outperform rating to a sector perform rating in a research note on Thursday, July 28th. Scotiabank reissued an outperform rating and set a C$37.00 target price on shares of Alaris Royalty Corp. in a research note on Wednesday, July 20th. RBC Capital Markets decreased their target price on shares of Alaris Royalty Corp. from C$31.00 to C$28.00 in a research note on Thursday, July 28th. Finally, Raymond James Financial Inc. decreased their target price on shares of Alaris Royalty Corp. from C$31.00 to C$30.00 in a research note on Thursday, July 28th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Alaris Royalty Corp. presently has an average rating of Buy and an average target price of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.68 on Tuesday. The stock’s 50 day moving average price is $22.62 and its 200-day moving average price is $27.07. Alaris Royalty Corp. has a 12-month low of $21.00 and a 12-month high of $31.20. The firm has a market capitalization of $787.76 million and a P/E ratio of 14.37.
Alaris Royalty Corp. Company Profile
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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