Other equities research analysts have also issued reports about the company. Royal Bank Of Canada restated a sector perform rating and set a C$25.00 price target on shares of Alaris Royalty Corp. in a research report on Wednesday. AltaCorp Capital lowered Alaris Royalty Corp. from an outperform rating to a sector perform rating in a research report on Thursday, July 28th. Acumen Capital decreased their price target on Alaris Royalty Corp. from C$33.00 to C$30.50 and set a buy rating on the stock in a research report on Tuesday, October 4th. Raymond James Financial Inc. decreased their price target on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research report on Thursday, July 28th. Finally, RBC Capital Markets decreased their price target on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research 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. currently has a consensus rating of Buy and a consensus price target of C$29.56.
Shares of 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 firm has a market capitalization of $771.41 million and a price-to-earnings ratio of 14.07. The stock’s 50 day moving average price is $22.33 and its 200-day moving average price is $26.86.
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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