The Alaris Royalty Corp. (AD) Stock Rating Reaffirmed by Royal Bank Of Canada

The Alaris Royalty Corp. (AD) Stock Rating Reaffirmed by Royal Bank Of Canada

Alaris Royalty Corp. (TSE:AD)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Wednesday, StockTargetPrices.com reports. They presently have a C$25.00 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 17.32% from the stock’s previous close.

Other research analysts have also issued research reports about the company. RBC Capital Markets lowered their price target on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research report on Thursday, July 28th. 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. Acumen Capital reduced their target price on Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating for the company in a research note on Tuesday, October 4th. Canaccord Genuity upgraded Alaris Royalty Corp. from a “hold” rating to a “buy” rating and reduced their target price for the stock from C$28.00 to C$26.50 in a research note on Tuesday, October 4th. Finally, Scotiabank reiterated an “outperform” rating and set a C$37.00 target price on shares of Alaris Royalty Corp. in a research note on Wednesday, July 27th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$29.56.

Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.31 on Wednesday. The company has a 50-day moving average of $22.38 and a 200 day moving average of $26.90. Alaris Royalty Corp. has a 12-month low of $21.00 and a 12-month high of $31.20. The firm has a market cap of $774.32 million and a P/E ratio of 14.12.

About Alaris Royalty Corp.

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