CIBC started coverage on shares of Alaris Royalty Corp. (TSE:AD) in a report issued on Monday. The brokerage set an “outperform” rating and a C$24.00 price target on the stock. CIBC’s price objective would suggest a potential upside of 8.40% from the company’s current price.

A number of other equities analysts have also weighed in on AD. RBC Capital Markets reduced 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$25.00 target price on shares of Alaris Royalty Corp. in a research note on Tuesday, October 4th. Scotiabank reaffirmed an “outperform” rating and issued a C$33.00 target price on shares of Alaris Royalty Corp. in a research note on Tuesday, October 4th. Canaccord Genuity raised shares of Alaris Royalty Corp. from a “hold” rating to a “buy” rating and reduced their target price for the stock from C$28.00 to C$26.50 in a research note on Tuesday, October 4th. Finally, Acumen Capital reduced their target price on shares of Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating for the company in a research note on Tuesday, October 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$27.81.

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

Alaris Royalty Corp. (TSE:AD) opened at 22.14 on Monday. The stock has a 50 day moving average price of $20.36 and a 200-day moving average price of $24.63. Alaris Royalty Corp. has a 1-year low of $17.80 and a 1-year high of $31.20. The company has a market capitalization of $804.48 million and a price-to-earnings ratio of 12.38.

WARNING: “Alaris Royalty Corp. (AD) Coverage Initiated at CIBC” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2016/11/30/alaris-royalty-corp-ad-coverage-initiated-at-cibc.html.

About Alaris Royalty Corp.

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.

Receive News & Stock Ratings for Alaris Royalty Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaris Royalty Corp. and related stocks with our FREE daily email newsletter.