Alaris Royalty Corp. (AD) Given Average Recommendation of “Hold” by Analysts
Alaris Royalty Corp. (TSE:AD) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$23.67.
Several equities analysts have recently weighed in on the stock. Scotiabank increased their price objective on shares of Alaris Royalty Corp. from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Royal Bank of Canada restated a “sector perform” rating and set a C$24.00 target price on shares of Alaris Royalty Corp. in a research note on Friday, March 3rd. Desjardins decreased their target price on shares of Alaris Royalty Corp. from C$27.00 to C$26.50 in a research note on Thursday, March 9th. Raymond James Financial, Inc. restated a “market perform” rating and set a C$23.00 target price on shares of Alaris Royalty Corp. in a research note on Thursday, March 23rd. Finally, CIBC decreased their target price on shares of Alaris Royalty Corp. from C$24.00 to C$20.00 in a research note on Thursday, May 11th.
In other news, insider Darren John Driscoll bought 1,800 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were bought at an average price of C$20.20 per share, for a total transaction of C$36,360.00. Also, Director Mary C. Ritchie sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of C$20.18, for a total transaction of C$100,900.00.
Alaris Royalty Corp. (TSE:AD) traded up 0.75% during mid-day trading on Friday, hitting $20.11. 36,942 shares of the stock traded hands. The company’s 50 day moving average price is $20.38 and its 200-day moving average price is $22.18. The stock has a market cap of $732.89 million and a price-to-earnings ratio of 12.89. Alaris Royalty Corp. has a 1-year low of $17.80 and a 1-year high of $31.20.
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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