Alaris Royalty Corp. (TSE:AD) insider Gregg Delcourt bought 3,000 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were bought at an average price of C$22.75 per share, for a total transaction of C$68,250.00.

Alaris Royalty Corp. (TSE:AD) traded up 4.20% during trading on Thursday, hitting $22.81. The stock had a trading volume of 356,500 shares. Alaris Royalty Corp. has a 12-month low of $17.80 and a 12-month high of $30.30. The stock has a 50 day moving average price of $20.22 and a 200 day moving average price of $22.12. The company has a market capitalization of $831.29 million and a price-to-earnings ratio of 14.62.

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AD has been the topic of several recent research reports. Desjardins cut their target price on Alaris Royalty Corp. from C$27.00 to C$26.50 in a report on Thursday, March 9th. CIBC cut their target price on Alaris Royalty Corp. from C$24.00 to C$20.00 in a report on Thursday, May 11th. Raymond James Financial, Inc. cut their target price on Alaris Royalty Corp. from C$23.00 to C$22.00 and set a “market perform” rating on the stock in a report on Wednesday, May 10th. Scotiabank cut their target price on Alaris Royalty Corp. from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Wednesday, May 10th. Finally, 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 report on Friday, March 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$24.07.

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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