Alaris Royalty Corp. (AD) Earns Outperform Rating from Scotiabank
Alaris Royalty Corp. (TSE:AD)‘s stock had its “outperform” rating reiterated by stock analysts at Scotiabank in a research report issued to clients and investors on Wednesday. They presently have a C$33.00 price objective on the stock. Scotiabank’s target price would suggest a potential upside of 55.44% from the company’s current price.
Several other research analysts have also weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of Alaris Royalty Corp. from C$31.00 to C$28.00 in a research note on Thursday, July 28th. RBC Capital Markets lowered their price objective on shares of Alaris Royalty Corp. from C$28.00 to C$25.00 and set a “sector perform” rating on the stock in a research note on Friday, August 19th. AltaCorp Capital lowered shares of Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 28th. Acumen Capital lowered their price objective on shares of Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating on the stock in a research note on Tuesday, October 4th. Finally, Canaccord Genuity upgraded shares of Alaris Royalty Corp. from a “hold” rating to a “buy” rating and lowered their price objective for the stock from C$28.00 to C$26.50 in a research note on Tuesday, October 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Alaris Royalty Corp. has a consensus rating of “Buy” and an average target price of C$29.56.
Alaris Royalty Corp. (TSE:AD) traded down 0.38% on Wednesday, reaching $21.23. 129,095 shares of the company traded hands. Alaris Royalty Corp. has a 52-week low of $21.00 and a 52-week high of $31.20. The stock has a 50-day moving average price of $22.38 and a 200-day moving average price of $26.90. The firm has a market cap of $771.41 million and a P/E ratio of 14.07.
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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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