Alaris Royalty Corp. (AD) Price Target Cut to C$24.50
Alaris Royalty Corp. (TSE:AD) had its price target reduced by investment analysts at Canaccord Genuity from C$26.50 to C$24.50 in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 25.58% from the company’s previous close.
AD has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$25.00 price objective on shares of Alaris Royalty Corp. in a research report on Tuesday, October 4th. RBC Capital Markets reduced their price objective on Alaris Royalty Corp. from C$28.00 to C$25.00 and set a “sector perform” rating for the company in a research report on Friday, August 19th. Scotiabank reaffirmed an “outperform” rating and set a C$33.00 price objective on shares of Alaris Royalty Corp. in a research report on Tuesday, October 4th. Raymond James Financial Inc. cut their target price on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research note on Thursday, July 28th. Finally, AltaCorp Capital downgraded Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$28.36.
Shares of Alaris Royalty Corp. (TSE:AD) opened at 19.51 on Thursday. The company’s 50 day moving average price is $20.90 and its 200-day moving average price is $25.43. The company has a market capitalization of $708.92 million and a price-to-earnings ratio of 12.93. Alaris Royalty Corp. has a 1-year low of $17.80 and a 1-year high of $31.20.
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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