The Alaris Royalty Corp. (AD) Price Target Cut to C$30.50 by Analysts at Acumen Capital

The Alaris Royalty Corp. (AD) Price Target Cut to C$30.50 by Analysts at Acumen Capital

Alaris Royalty Corp. (TSE:AD) had its price target reduced by equities research analysts at Acumen Capital from C$33.00 to C$30.50 in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Acumen Capital’s target price would suggest a potential upside of 40.94% from the company’s current price.

AD has been the subject of several other reports. Raymond James Financial Inc. reduced their price objective on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research report on Thursday, July 28th. Canaccord Genuity raised Alaris Royalty Corp. from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$28.00 to C$26.50 in a research report on Tuesday, October 4th. AltaCorp Capital cut Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 28th. Scotiabank reissued an “outperform” rating and issued a C$37.00 price objective on shares of Alaris Royalty Corp. in a research report on Wednesday, July 20th. Finally, RBC Capital Markets reduced their price objective on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$29.56.

Alaris Royalty Corp. (TSE:AD) opened at 21.64 on Tuesday. The stock’s 50 day moving average is $22.44 and its 200 day moving average is $26.95. The company has a market cap of $786.31 million and a price-to-earnings ratio of 14.34. Alaris Royalty Corp. has a 52-week low of $21.00 and a 52-week high of $31.20.

10/09/alaris-royalty-corp-ad-price-target-cut-to-c30-50-by-analysts-at-acumen-capital.html

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