Alaris Royalty Corp. (AD) Upgraded to “Buy” by Canaccord Genuity
Canaccord Genuity upgraded shares of Alaris Royalty Corp. (TSE:AD) from a hold rating to a buy rating in a report issued on Tuesday morning. They currently have C$26.50 price objective on the stock, down from their prior price objective of C$28.00.
AD has been the topic of a number of other reports. RBC Capital Markets cut their price objective on Alaris Royalty Corp. from C$28.00 to C$25.00 and set a sector perform rating on the stock in a report on Friday, August 19th. Scotiabank reissued an outperform rating and issued a C$37.00 price objective on shares of Alaris Royalty Corp. in a report on Wednesday, July 27th. Royal Bank Of Canada reissued a sector perform rating and issued a C$31.00 price objective on shares of Alaris Royalty Corp. in a report on Wednesday, July 20th. Raymond James Financial Inc. cut their price objective on Alaris Royalty Corp. from C$31.00 to C$30.00 in a report on Thursday, July 28th. Finally, AltaCorp Capital lowered Alaris Royalty Corp. from an outperform rating to a sector perform rating in a report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Buy and an average price target of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.68 on Tuesday. The firm’s 50 day moving average price is $22.62 and its 200-day moving average price is $27.07. Alaris Royalty Corp. has a 1-year low of $21.00 and a 1-year high of $31.20. The company 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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