Today, Alaris Royalty Corp. (AD) Rating Reiterated by Scotiabank

Today, Alaris Royalty Corp. (AD) Rating Reiterated by Scotiabank

Alaris Royalty Corp. (TSE:AD)‘s stock had its “outperform” rating reiterated by investment analysts at Scotiabank in a report issued on Tuesday. They presently have a C$33.00 target price on the stock. Scotiabank’s price objective indicates a potential upside of 52.71% from the company’s current price.

AD has been the topic of a number of other reports. Royal Bank Of Canada reissued a “sector perform” rating and set a C$25.00 price target on shares of Alaris Royalty Corp. in a research note on Tuesday. RBC Capital Markets cut their price target on Alaris Royalty Corp. from C$28.00 to C$25.00 and set a “sector perform” rating on the stock in a research note on Friday, August 19th. Raymond James Financial Inc. cut their price target on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research note on Thursday, July 28th. Finally, AltaCorp Capital lowered Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$29.56.

Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.61 on Tuesday. The company’s 50-day moving average price is $22.55 and its 200-day moving average price is $27.03. The company has a market capitalization of $785.22 million and a PE ratio of 14.32. Alaris Royalty Corp. has a 1-year low of $21.00 and a 1-year high of $31.20.

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