Royal Bank Of Canada reissued their sector perform rating on shares of Alaris Royalty Corp. (TSE:AD) in a research report report published on Tuesday, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$25.00 price target on the stock.
Other research analysts have also issued research reports about the company. RBC Capital Markets reduced their price target on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research report on Thursday, July 28th. Raymond James Financial Inc. reduced their price target on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research report on Thursday, July 28th. Scotiabank reiterated an outperform rating and set a C$37.00 price target on shares of Alaris Royalty Corp. in a research report on Wednesday, July 27th. Finally, AltaCorp Capital lowered Alaris Royalty Corp. from an outperform rating to a sector perform rating in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.75 on Tuesday. The firm has a 50-day moving average price of $22.50 and a 200-day moving average price of $27.00. The firm has a market cap of $790.31 million and a P/E ratio of 14.41. Alaris Royalty Corp. has a 12-month low of $21.00 and a 12-month high of $31.20.
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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