Alaris Royalty Corp. (AD) Receives Consensus Rating of “Buy” from Analysts
Shares of Alaris Royalty Corp. (TSE:AD) have been given an average rating of “Buy” by the ten ratings firms that are presently covering the stock. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$29.56.
AD has been the subject of a number of analyst reports. 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. Canaccord Genuity raised shares of Alaris Royalty Corp. from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$28.00 to C$26.50 in a research note on Tuesday, October 4th. Scotiabank reaffirmed an “outperform” rating and set a C$33.00 price target on shares of Alaris Royalty Corp. in a research note on Wednesday, October 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$25.00 price target on shares of Alaris Royalty Corp. in a research note on Wednesday, October 12th. Finally, Raymond James Financial Inc. lowered their price target on shares of Alaris Royalty Corp. from C$31.00 to C$30.00 in a research note on Thursday, July 28th.
Alaris Royalty Corp. (TSE:AD) traded up 0.29% during trading on Wednesday, hitting $21.10. 68,660 shares of the stock were exchanged. Alaris Royalty Corp. has a 12 month low of $20.71 and a 12 month high of $31.20. The stock has a market cap of $766.69 million and a P/E ratio of 13.98. The stock’s 50 day moving average price is $22.11 and its 200 day moving average price is $26.65.
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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