Alaris Royalty Corp. (AD) Price Target Cut to C$30.50 by Analysts at Acumen Capital
Alaris Royalty Corp. (TSE:AD) had its price target reduced by equities research analysts at Acumen Capital from C$33.00 to C$30.50 in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Acumen Capital’s target price would suggest a potential upside of 40.94% from the company’s current price.
AD has been the subject of several other reports. Raymond James Financial Inc. reduced their price objective on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research report on Thursday, July 28th. Canaccord Genuity raised Alaris Royalty Corp. from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$28.00 to C$26.50 in a research report on Tuesday, October 4th. AltaCorp Capital cut Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 28th. Scotiabank reissued an “outperform” rating and issued a C$37.00 price objective on shares of Alaris Royalty Corp. in a research report on Wednesday, July 20th. Finally, RBC Capital Markets reduced their price objective on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$29.56.
Alaris Royalty Corp. (TSE:AD) opened at 21.64 on Tuesday. The stock’s 50 day moving average is $22.44 and its 200 day moving average is $26.95. The company has a market cap of $786.31 million and a price-to-earnings ratio of 14.34. Alaris Royalty Corp. has a 52-week low of $21.00 and a 52-week high of $31.20.
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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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