Shares of Alaris Royalty Corp. (TSE:AD) traded down 5.1% during mid-day trading on Tuesday . The stock traded as low as C$19.36 and last traded at C$19.00. 347,679 shares were traded during trading, an increase of 192% from the average session volume of 119,162 shares. The stock had previously closed at C$20.02.

Several equities analysts have weighed in on AD shares. Scotiabank cut their price target on Alaris Royalty Corp. from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Thursday, September 21st. CIBC raised their price target on Alaris Royalty Corp. from C$20.00 to C$23.00 in a report on Friday, September 1st. Finally, National Bank Financial raised their price target on Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$24.56.

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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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