CIBC assumed coverage on shares of Alaris Royalty Corp. (TSE:AD) in a research note published on Monday. The brokerage issued an outperform rating and a C$24.00 price objective on the stock.

Several other research analysts also recently issued reports on the stock. Canaccord Genuity lowered their price target on shares of Alaris Royalty Corp. from C$26.50 to C$24.50 and set a buy rating for the company in a report on Thursday, November 10th. Royal Bank Of Canada upgraded shares of Alaris Royalty Corp. from a sector perform rating to an outperform rating and set a C$24.00 price target for the company in a report on Thursday, November 10th. Scotiabank lowered their price target on shares of Alaris Royalty Corp. from C$33.00 to C$31.00 and set an outperform rating for the company in a report on Tuesday, November 8th. Acumen Capital lowered their price target on shares of Alaris Royalty Corp. from C$33.00 to C$30.50 and set a buy rating for the company in a report on Tuesday, October 4th. Finally, RBC Capital Markets lowered their price target 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Alaris Royalty Corp. has an average rating of Buy and an average price target of C$27.81.

Analyst Recommendations for Alaris Royalty Corp. (TSE:AD)

Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.48 on Monday. The company’s 50-day moving average price is $20.36 and its 200 day moving average price is $24.63. The firm has a market cap of $780.50 million and a P/E ratio of 12.01. Alaris Royalty Corp. has a 52 week low of $17.80 and a 52 week high of $31.20.

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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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