Alaris Royalty Corp. (TSE:AD)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Tuesday, StockTargetPrices.com reports. They presently have a C$25.00 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 13.22% from the company’s previous close.
AD has been the subject of several other reports. RBC Capital Markets dropped their price objective on Alaris Royalty Corp. from C$28.00 to C$25.00 and set a “sector perform” rating for the company in a research report on Friday, August 19th. Scotiabank restated an “outperform” rating and set a C$37.00 price objective on shares of Alaris Royalty Corp. in a research report on Wednesday, July 27th. Raymond James Financial Inc. dropped their price objective on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research report on Thursday, July 28th. Finally, AltaCorp Capital downgraded Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Alaris Royalty Corp. has a consensus rating of “Buy” and an average price target of C$31.56.
Alaris Royalty Corp. (TSE:AD) traded down 0.63% during trading on Tuesday, reaching $21.94. The company had a trading volume of 109,563 shares. The company has a 50 day moving average price of $22.68 and a 200 day moving average price of $27.12. The company has a market capitalization of $797.21 million and a PE ratio of 14.54. Alaris Royalty Corp. has a 52-week low of $21.00 and a 52-week 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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