Several other research firms have also commented on AD. Royal Bank Of Canada reiterated a sector perform rating and set a C$31.00 price objective on shares of Alaris Royalty Corp. in a research report on Wednesday, June 29th. Scotiabank reiterated 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. lowered their price objective on shares of Alaris Royalty Corp. from C$31.00 to C$30.00 in a research report on Thursday, July 28th. RBC Capital Markets lowered their price objective on shares of Alaris Royalty Corp. from C$31.00 to C$28.00 in a research report on Thursday, July 28th. Finally, AltaCorp Capital lowered shares of 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 issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.75 on Tuesday. Alaris Royalty Corp. has a 52 week low of $21.00 and a 52 week high of $31.20. The firm’s 50-day moving average is $22.50 and its 200 day moving average is $27.00. The firm has a market cap of $790.31 million and a PE ratio of 14.41.
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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