Alaris Royalty Corp. (AD) Rating Reiterated by Royal Bank Of Canada
Alaris Royalty Corp. (TSE:AD)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank Of Canada in a research note issued on Wednesday, StockTargetPrices.com reports. They currently have a C$25.00 target price on the stock. Royal Bank Of Canada’s target price points to a potential upside of 17.32% from the company’s current price.
Several other equities research analysts have also recently weighed in on the stock. Acumen Capital cut their price objective on shares of Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating for the company in a research report on Tuesday, October 4th. Canaccord Genuity raised shares of Alaris Royalty Corp. from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$28.00 to C$26.50 in a research report on Tuesday, October 4th. Scotiabank reaffirmed an “outperform” rating and set a C$33.00 price objective on shares of Alaris Royalty Corp. in a research report on Tuesday, October 4th. RBC Capital Markets cut their price objective on shares of Alaris Royalty Corp. from C$28.00 to C$25.00 and set a “sector perform” rating for the company in a research report on Friday, August 19th. Finally, AltaCorp Capital cut shares of Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) traded up 0.38% during mid-day trading on Wednesday, reaching $21.39. 5,025 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $22.38 and its 200-day moving average is $26.90. The stock has a market cap of $777.23 million and a price-to-earnings ratio of 14.17. 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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