Alaris Royalty Corp.’s (AD) “Outperform” Rating Reiterated at Scotiabank
Several other research firms also recently issued reports on AD. Royal Bank Of Canada restated a sector perform rating and set a C$31.00 price objective on shares of Alaris Royalty Corp. in a report on Wednesday, June 29th. Raymond James Financial Inc. lowered their price target on Alaris Royalty Corp. from C$31.00 to C$30.00 in a report on Thursday, July 28th. RBC Capital Markets lowered their price target on Alaris Royalty Corp. from C$31.00 to C$28.00 in a report on Thursday, July 28th. Finally, AltaCorp Capital downgraded Alaris Royalty Corp. from an outperform rating to a sector perform rating in a report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of C$29.56.
Alaris Royalty Corp. (TSE:AD) opened at 21.75 on Tuesday. The stock has a market capitalization of $790.31 million and a price-to-earnings ratio of 14.41. The firm has a 50-day moving average of $22.50 and a 200 day moving average of $27.00. Alaris Royalty Corp. has a 52 week low of $21.00 and a 52 week high of $31.20.
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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