Alaris Royalty Corp. (AD) Given “Sector Perform” Rating at Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their sector perform rating on shares of Alaris Royalty Corp. (TSE:AD) in a research report sent to investors on Tuesday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$25.00 target price on the stock.
A number of other research analysts also recently issued reports on AD. Scotiabank restated an outperform rating and issued a C$37.00 price target on shares of Alaris Royalty Corp. in a research report on Wednesday, July 20th. Raymond James Financial Inc. dropped their price target 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 dropped their price target 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 downgraded shares of Alaris Royalty Corp. from an outperform rating to a sector perform rating in a research report on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of C$29.56.
Alaris Royalty Corp. (TSE:AD) opened at 21.68 on Tuesday. The company has a market cap of $787.76 million and a P/E ratio of 14.37. Alaris Royalty Corp. has a one year low of $21.00 and a one year high of $31.20. The company has a 50-day moving average of $22.62 and a 200 day moving average of $27.07.
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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