Alaris Royalty Corp. (AD) Stock Rating Reaffirmed by Royal Bank Of Canada
Alaris Royalty Corp. (TSE:AD)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research note issued on Wednesday. They currently have a C$25.00 target price on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 17.32% from the stock’s previous close.
AD has been the subject of several other research reports. RBC Capital Markets lowered their target price on shares of Alaris Royalty Corp. from C$28.00 to C$25.00 and set a “sector perform” rating for the company in a research note on Friday, August 19th. Canaccord Genuity upgraded shares of Alaris Royalty Corp. from a “hold” rating to a “buy” rating and lowered their target price for the company from C$28.00 to C$26.50 in a research note on Tuesday, October 4th. Scotiabank reissued an “outperform” rating and set a C$37.00 price target on shares of Alaris Royalty Corp. in a report on Wednesday, July 27th. Raymond James Financial Inc. reduced their price target on shares of Alaris Royalty Corp. from C$31.00 to C$30.00 in a report on Thursday, July 28th. Finally, Acumen Capital reduced their price target on shares of Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating for the company in a report on Tuesday, October 4th. Four equities research analysts have rated the stock with a hold rating and four have issued 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) opened at 21.31 on Wednesday. Alaris Royalty Corp. has a one year low of $21.00 and a one year high of $31.20. The stock has a 50 day moving average of $22.38 and a 200 day moving average of $26.90. The firm has a market capitalization of $774.32 million and a price-to-earnings ratio of 14.12.
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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