Alaris Royalty Corp. (AD) Upgraded to “Buy” by Canaccord Genuity
Canaccord Genuity upgraded shares of Alaris Royalty Corp. (TSE:AD) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. Canaccord Genuity currently has C$26.50 price objective on the stock, down from their previous price objective of C$28.00.
A number of other equities research analysts have also recently weighed in on AD. Royal Bank Of Canada restated a sector perform rating and issued a C$31.00 price target on shares of Alaris Royalty Corp. in a report on Wednesday, June 29th. Scotiabank reaffirmed an outperform rating and issued a C$37.00 target price on shares of Alaris Royalty Corp. in a research note on Wednesday, July 20th. Raymond James Financial Inc. reduced their target price on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research note 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 research note on Thursday, July 28th. Finally, AltaCorp Capital lowered Alaris Royalty Corp. from an outperform rating to a sector perform rating in a research note on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of C$29.56.
Alaris Royalty Corp. (TSE:AD) opened at 21.68 on Tuesday. The stock has a market cap of $787.76 million and a P/E ratio of 14.37. Alaris Royalty Corp. has a 52-week low of $21.00 and a 52-week 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.
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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