Alaris Royalty Corp. (TSE:AD) was upgraded by research analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a C$26.50 price objective on the stock, down from their prior price objective of C$28.00. Canaccord Genuity’s price objective suggests a potential upside of 22.63% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. AltaCorp Capital lowered shares of Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 28th. Royal Bank Of Canada lowered their price target on shares of Alaris Royalty Corp. from C$31.00 to C$28.00 in a report on Thursday, July 28th. Scotiabank reaffirmed an “outperform” rating and set a C$33.00 price target on shares of Alaris Royalty Corp. in a report on Tuesday. Raymond James Financial Inc. lowered their price target on shares of Alaris Royalty Corp. from C$31.00 to C$30.00 in a report on Thursday, July 28th. Finally, RBC Capital Markets lowered their price target on shares of Alaris Royalty Corp. from C$31.00 to C$28.00 in a report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$29.56.
Alaris Royalty Corp. (TSE:AD) opened at 21.61 on Tuesday. The firm has a market capitalization of $785.22 million and a price-to-earnings ratio of 14.32. The stock’s 50 day moving average is $22.55 and its 200-day moving average is $27.03. Alaris Royalty Corp. has a 52 week low of $21.00 and a 52 week high of $31.20.
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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