Royal Bank Of Canada restated their sector perform rating on shares of Alaris Royalty Corp. (TSE:AD) in a research report report published on Wednesday morning, StockTargetPrices.com reports. The firm currently has a C$25.00 target price on the stock.
Several other equities research analysts have also issued reports on the stock. RBC Capital Markets lowered their target price on shares of Alaris Royalty Corp. from C$28.00 to C$25.00 and set a sector perform rating for the company in a report on Friday, August 19th. Scotiabank reaffirmed an outperform rating and issued a C$33.00 price target on shares of Alaris Royalty Corp. in a research note on Tuesday, October 4th. Acumen Capital reduced their price target on shares of Alaris Royalty Corp. from C$33.00 to C$30.50 and set a buy rating on the stock in a research note on Tuesday, October 4th. AltaCorp Capital downgraded shares of Alaris Royalty Corp. from an outperform rating to a sector perform rating in a research note on Thursday, July 28th. Finally, Canaccord Genuity raised shares of Alaris Royalty Corp. from a hold rating to a buy rating and reduced their price target for the stock from C$28.00 to C$26.50 in a research note on Tuesday, October 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of C$29.56.
Alaris Royalty Corp. (TSE:AD) opened at 20.82 on Wednesday. The stock has a 50 day moving average of $22.23 and a 200 day moving average of $26.77. Alaris Royalty Corp. has a 52 week low of $20.71 and a 52 week high of $31.20. The company has a market cap of $756.52 million and a P/E ratio of 13.80.
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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