Scotiabank Reaffirms “Outperform” Rating for Alaris Royalty Corp. (AD)
Alaris Royalty Corp. (TSE:AD)‘s stock had its “outperform” rating restated by stock analysts at Scotiabank in a research report issued on Tuesday. They currently have a C$33.00 price objective on the stock. Scotiabank’s target price would indicate a potential upside of 52.50% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Royal Bank Of Canada reduced their price target on Alaris Royalty Corp. from C$31.00 to C$28.00 in a report on Thursday, July 28th. AltaCorp Capital downgraded Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 28th. Raymond James Financial Inc. reduced their price target on Alaris Royalty Corp. from C$31.00 to C$30.00 in a report on Thursday, July 28th. Finally, RBC Capital Markets reduced their price target on Alaris Royalty Corp. from C$31.00 to C$28.00 in a report on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$29.56.
Alaris Royalty Corp. (TSE:AD) opened at 21.64 on Tuesday. The company has a market cap of $786.31 million and a price-to-earnings ratio of 14.34. The stock has a 50 day moving average price of $22.44 and a 200-day moving average price of $26.95. Alaris Royalty Corp. has a 12-month low of $21.00 and a 12-month high of $31.20.
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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.
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