Alaris Royalty Corp. (TSE:AD)‘s stock had its “outperform” rating reiterated by research analysts at Scotiabank in a research note issued to investors on Tuesday. They currently have a C$33.00 target price on the stock. Scotiabank’s price objective would suggest a potential upside of 52.21% from the stock’s previous close.
A number of other research analysts also recently commented on the company. Royal Bank Of Canada reduced their target price on Alaris Royalty Corp. from C$31.00 to C$28.00 in a report on Thursday, July 28th. RBC Capital Markets reduced their target price on Alaris Royalty Corp. from C$31.00 to C$28.00 in a report on Thursday, July 28th. Raymond James Financial Inc. reduced their target price on Alaris Royalty Corp. from C$31.00 to C$30.00 in a report on Thursday, July 28th. Finally, AltaCorp Capital downgraded Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Alaris Royalty Corp. presently has a consensus rating of “Buy” and an average price target of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) traded down 0.74% on Tuesday, reaching $21.52. The company had a trading volume of 100,004 shares. Alaris Royalty Corp. has a 12 month low of $21.00 and a 12 month high of $31.20. The stock has a 50 day moving average price of $22.62 and a 200-day moving average price of $27.07. The company has a market capitalization of $781.95 million and a price-to-earnings ratio of 14.26.
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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