Alaris Royalty Corp. (TSE:AD) was upgraded by research analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a C$24.00 target price on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 23.01% from the company’s current price.

A number of other research analysts also recently commented on the stock. Scotiabank reduced their price objective on shares of Alaris Royalty Corp. from C$33.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 8th. Acumen Capital dropped their target price on shares of Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Canaccord Genuity raised shares of Alaris Royalty Corp. from a “hold” rating to a “buy” rating and dropped their target price for the stock from C$28.00 to C$26.50 in a report on Tuesday, October 4th. RBC Capital Markets dropped their target price on shares of 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. Finally, AltaCorp Capital cut shares of Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$28.36.

Analyst Recommendations for Alaris Royalty Corp. (TSE:AD)

Shares of Alaris Royalty Corp. (TSE:AD) opened at 19.51 on Thursday. Alaris Royalty Corp. has a 12-month low of $17.80 and a 12-month high of $31.20. The stock has a market cap of $708.92 million and a P/E ratio of 12.93. The company’s 50-day moving average is $20.90 and its 200-day moving average is $25.43.

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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