Alaris Royalty Corp. (AD) Stock Rating Reaffirmed by Royal Bank Of Canada
Alaris Royalty Corp. (TSE:AD)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Wednesday, StockTargetPrices.com reports. They presently have a C$25.00 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 17.32% from the stock’s previous close.
Other research analysts have also issued research reports about the company. RBC Capital Markets lowered their price target on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research report on Thursday, July 28th. Raymond James Financial Inc. reduced their target price on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research note on Thursday, July 28th. Acumen Capital reduced their target price on Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating for the company in a research note on Tuesday, October 4th. Canaccord Genuity upgraded Alaris Royalty Corp. from a “hold” rating to a “buy” rating and reduced their target price for the stock from C$28.00 to C$26.50 in a research note on Tuesday, October 4th. Finally, Scotiabank reiterated an “outperform” rating and set a C$37.00 target price on shares of Alaris Royalty Corp. in a research note on Wednesday, July 27th. 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 a consensus rating of “Buy” and an average price target of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.31 on Wednesday. The company has a 50-day moving average of $22.38 and a 200 day moving average of $26.90. Alaris Royalty Corp. has a 12-month low of $21.00 and a 12-month high of $31.20. The firm has a market cap of $774.32 million and a P/E ratio of 14.12.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/alaris-royalty-corp-ad-stock-rating-reaffirmed-by-royal-bank-of-canada.html
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.
Receive News & Ratings for Alaris Royalty Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaris Royalty Corp. and related companies with MarketBeat.com's FREE daily email newsletter.