Alaris Royalty Corp. (AD) PT Lowered to C$24.00 at Scotiabank
Alaris Royalty Corp. (TSE:AD) had its target price reduced by Scotiabank from C$25.00 to C$24.00 in a report published on Thursday morning, StockTargetPrices.com reports. They currently have an outperform rating on the stock.
Several other equities research analysts have also recently commented on AD. Raymond James Financial, Inc. raised their target price on shares of Alaris Royalty Corp. from C$22.00 to C$23.00 and gave the stock a market perform rating in a research report on Tuesday, July 4th. National Bank Financial lifted their price target on shares of 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. Finally, CIBC lifted their price target on shares of Alaris Royalty Corp. from C$20.00 to C$23.00 in a research report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of C$24.56.
Shares of Alaris Royalty Corp. (TSE:AD) opened at 20.80 on Thursday. The firm has a 50-day moving average of $21.32 and a 200 day moving average of $21.45. Alaris Royalty Corp. has a 1-year low of $17.80 and a 1-year high of $24.39. The company has a market capitalization of $758.04 million and a P/E ratio of 12.53.
In other Alaris Royalty Corp. news, insider Gregg Delcourt purchased 3,000 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was bought at an average cost of C$22.75 per share, with a total value of C$68,250.00.
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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