Alaris Royalty Corp. (AD) Given Average Recommendation of “Buy” by Brokerages
Shares of Alaris Royalty Corp. (TSE:AD) have been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the firm. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$28.36.
Several equities research analysts have recently weighed in on AD shares. Royal Bank Of Canada decreased their target price on Alaris Royalty Corp. from C$25.00 to C$24.00 and set a “sector perform” rating for the company in a research report on Monday, October 31st. RBC Capital Markets decreased their target price 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 issued a C$33.00 target price on shares of Alaris Royalty Corp. in a research report on Tuesday, October 4th. Acumen Capital reduced their price target on 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. Finally, AltaCorp Capital downgraded Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 28th.
Alaris Royalty Corp. (TSE:AD) traded down 1.06% on Wednesday, reaching $20.50. The company’s stock had a trading volume of 49,845 shares. The company has a market capitalization of $744.89 million and a price-to-earnings ratio of 11.47. Alaris Royalty Corp. has a 52 week low of $17.80 and a 52 week high of $31.20. The firm’s 50 day moving average price is $20.44 and its 200-day moving average price is $24.86.
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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