Alaris Royalty Corp. (AD) Given Average Recommendation of “Hold” by Analysts
Alaris Royalty Corp. (TSE:AD) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$23.83.
Several brokerages have recently commented on AD. Raymond James Financial, Inc. increased their price target on shares of Alaris Royalty Corp. from C$22.00 to C$23.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 4th. Scotiabank reduced their price target on shares of Alaris Royalty Corp. from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 10th. CIBC reduced their price target on shares of Alaris Royalty Corp. from C$24.00 to C$20.00 in a research report on Thursday, May 11th. Finally, Desjardins cut shares of Alaris Royalty Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th.
Alaris Royalty Corp. (AD) traded up 0.35% during mid-day trading on Tuesday, hitting $22.78. The stock had a trading volume of 62,318 shares. The stock has a market cap of $830.19 million and a P/E ratio of 14.60. The company has a 50 day moving average price of $20.17 and a 200 day moving average price of $22.00. Alaris Royalty Corp. has a one year low of $17.80 and a one year high of $29.87.
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In other news, Director Jack Chuck Lee purchased 3,000 shares of the company’s stock in a transaction on Friday, June 30th. The shares were bought at an average price of C$23.03 per share, for a total transaction of C$69,090.00. Also, Director Mary C. Ritchie sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of C$20.18, for a total transaction of C$100,900.00. Insiders acquired 7,800 shares of company stock worth $173,700 in the last three months.
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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