Alaris Royalty Corp. (TSE:AD) had its target price lowered by Acumen Capital from C$33.00 to C$30.50 in a research report sent to investors on Tuesday. The brokerage currently has a buy rating on the stock.
Several other analysts have also recently commented on the stock. Royal Bank Of Canada lowered their target price on shares of Alaris Royalty Corp. from C$31.00 to C$28.00 in a research note on Thursday, July 28th. RBC Capital Markets lowered their target price on shares of Alaris Royalty Corp. from C$28.00 to C$25.00 and set a sector perform rating for the company in a research note on Friday, August 19th. Scotiabank reaffirmed an outperform rating and issued a C$37.00 target price on shares of Alaris Royalty Corp. in a research note on Wednesday, July 27th. AltaCorp Capital cut shares of Alaris Royalty Corp. from an outperform rating to a sector perform rating in a research note on Thursday, July 28th. Finally, Canaccord Genuity raised shares of Alaris Royalty Corp. from a hold rating to a buy rating and lowered their target price for the stock from C$28.00 to C$26.50 in a research note on Tuesday, October 4th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$29.56.
Alaris Royalty Corp. (TSE:AD) opened at 21.64 on Tuesday. The stock has a market cap of $786.31 million and a price-to-earnings ratio of 14.34. Alaris Royalty Corp. has a 12-month low of $21.00 and a 12-month high of $31.20. The company has a 50-day moving average price of $22.44 and a 200 day moving average price of $26.95.
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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