Alaris Royalty Corp. (AD) Receives Outperform Rating from Scotiabank
Alaris Royalty Corp. (TSE:AD)‘s stock had its “outperform” rating restated by equities research analysts at Scotiabank in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. They currently have a C$33.00 target price on the stock. Scotiabank’s price target points to a potential upside of 54.86% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. Royal Bank Of Canada decreased their price objective on Alaris Royalty Corp. from C$31.00 to C$28.00 in a report on Thursday, July 28th. RBC Capital Markets reduced their price target on Alaris Royalty Corp. from C$28.00 to C$25.00 and set a “sector perform” rating for the company in a report on Friday, August 19th. AltaCorp Capital downgraded Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 28th. Acumen Capital reduced their price target on Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating for the company in a report on Tuesday, October 4th. Finally, Canaccord Genuity upgraded Alaris Royalty Corp. from a “hold” rating to a “buy” rating and reduced their price target for the company from C$28.00 to C$26.50 in a report on Tuesday, October 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) traded down 0.42% during trading on Wednesday, hitting $21.22. 80,355 shares of the company were exchanged. The stock has a market capitalization of $771.05 million and a PE ratio of 14.06. Alaris Royalty Corp. has a 1-year low of $21.00 and a 1-year high of $31.20. The company has a 50 day moving average of $22.38 and a 200-day moving average of $26.90.
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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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