Alaris Royalty Corp. (TSE:AD) had its target price lifted by stock analysts at Scotiabank from C$24.00 to C$25.00 in a research report issued on Friday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 20.19% from the stock’s current price.

Several other brokerages have also issued reports on AD. Raymond James Financial, Inc. raised their target price on Alaris Royalty Corp. from C$22.00 to C$23.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 4th. National Bank Financial raised their target price on Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. CIBC raised their target price on Alaris Royalty Corp. from C$20.00 to C$23.00 in a research report on Friday. Finally, Desjardins lowered Alaris Royalty Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Alaris Royalty Corp. currently has a consensus rating of “Buy” and an average price target of C$24.69.

Alaris Royalty Corp. (AD) traded up 5.48% during midday trading on Friday, hitting $21.94. The stock had a trading volume of 281,073 shares. Alaris Royalty Corp. has a 52 week low of $17.80 and a 52 week high of $24.39. The company’s 50-day moving average price is $21.81 and its 200 day moving average price is $21.63. The company has a market capitalization of $799.58 million and a PE ratio of 13.22.

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In other Alaris Royalty Corp. news, insider Gregg Delcourt acquired 3,000 shares of the stock in a transaction dated Thursday, June 29th. The stock was purchased at an average cost of C$22.75 per share, with a total value of C$68,250.00. Also, Director Mary C. Ritchie sold 5,000 shares of Alaris Royalty Corp. stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of C$20.18, for a total value of C$100,900.00.

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.

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

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