Alaris Royalty Corp. (AD) Given Average Recommendation of “Hold” by Brokerages
Alaris Royalty Corp. (TSE:AD) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$23.58.
AD has been the subject of a number of recent research reports. Scotiabank cut their price objective on shares of Alaris Royalty Corp. from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. National Bank Financial boosted their price objective on shares of Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. CIBC boosted their price objective on shares of Alaris Royalty Corp. from C$20.00 to C$23.00 in a report on Friday, September 1st. Finally, Raymond James Financial, Inc. cut their price target on shares of Alaris Royalty Corp. from C$23.00 to C$20.00 and set a “market perform” rating for the company in a report on Wednesday, November 8th.
In related news, Director Stephen Walter King acquired 1,400 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of C$18.89 per share, for a total transaction of C$26,446.00. Also, insider Darren John Driscoll acquired 1,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of C$18.82 per share, with a total value of C$28,230.00.
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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