Alaris Royalty Corp. (TSE:AD) had its price objective trimmed by Scotiabank from C$25.00 to C$24.00 in a research note released on Thursday. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. CIBC decreased their target price on Alaris Royalty Corp. from C$24.00 to C$20.00 in a research report on Thursday, May 11th. Desjardins cut Alaris Royalty Corp. from a buy rating to a hold rating in a research report on Tuesday, May 9th. Raymond James Financial, Inc. lifted their target price on Alaris Royalty Corp. from C$22.00 to C$23.00 and gave the company a market perform rating in a research report on Tuesday, July 4th. Finally, National Bank Financial lifted their target price on Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the company an outperform rating in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of C$24.19.

Alaris Royalty Corp. (TSE AD) opened at 20.57 on Thursday. The company’s 50-day moving average is $21.75 and its 200 day moving average is $21.81. Alaris Royalty Corp. has a 12 month low of $17.80 and a 12 month high of $24.55. The firm has a market cap of $749.65 million and a P/E ratio of 12.39.

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The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a dividend yield of 7.88%. The ex-dividend date of this dividend is Thursday, July 27th.

In other news, insider Darren John Driscoll purchased 1,800 shares of Alaris Royalty Corp. stock in a transaction dated Thursday, May 25th. The shares were bought at an average cost of C$20.20 per share, for a total transaction of C$36,360.00. Also, Director Mary C. Ritchie sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of C$20.18, for a total value of C$100,900.00. Over the last 90 days, insiders have bought 7,800 shares of company stock worth $173,700.

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.

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

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