Royal Bank Of Canada reiterated their sector perform rating on shares of Alaris Royalty Corp. (TSE:AD) in a report issued on Wednesday morning, StockTargetPrices.com reports. The brokerage currently has a C$25.00 target price on the stock.
Other equities analysts also recently issued research reports about the company. RBC Capital Markets dropped their price objective on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research note on Thursday, July 28th. Raymond James Financial Inc. dropped their price objective on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research note on Thursday, July 28th. Canaccord Genuity upgraded Alaris Royalty Corp. from a hold rating to a buy rating and dropped their price objective for the company from C$28.00 to C$26.50 in a research note on Tuesday, October 4th. Acumen Capital dropped their price objective on Alaris Royalty Corp. from C$33.00 to C$30.50 and set a buy rating on the stock in a research note on Tuesday, October 4th. Finally, Scotiabank reiterated an outperform rating and issued a C$37.00 price objective on shares of Alaris Royalty Corp. in a research note on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of C$29.56.
Alaris Royalty Corp. (TSE:AD) opened at 21.23 on Wednesday. Alaris Royalty Corp. has a 12 month low of $21.00 and a 12 month high of $31.20. The company’s 50-day moving average price is $22.33 and its 200 day moving average price is $26.86. The firm has a market capitalization of $771.41 million and a PE ratio of 14.07.
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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