National Bank Financial Trims Alaris Royalty (AD) Target Price to C$20.00

Alaris Royalty (TSE:AD) had its price objective decreased by equities researchers at National Bank Financial from C$23.00 to C$20.00 in a report released on Monday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 9.29% from the company’s previous close.

Separately, Raymond James Financial lowered their price target on Alaris Royalty from C$21.00 to C$20.00 and set a “market perform” rating for the company in a research report on Tuesday, March 6th.

Alaris Royalty (TSE:AD) traded up C$0.24 during midday trading on Monday, reaching C$18.30. The company had a trading volume of 158,109 shares, compared to its average volume of 169,401. The stock has a market cap of $667.61, a price-to-earnings ratio of 57.19 and a beta of 0.79. Alaris Royalty has a twelve month low of C$17.70 and a twelve month high of C$23.45.

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About Alaris Royalty

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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