Trade Report: The Scotiabank Reaffirms “Outperform” Rating for Alaris Royalty Corp. (AD)

The Scotiabank Reaffirms “Outperform” Rating for Alaris Royalty Corp. (AD)

Scotiabank restated their outperform rating on shares of Alaris Royalty Corp. (TSE:AD) in a report issued on Wednesday morning. The firm currently has a C$33.00 target price on the stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada reiterated a sector perform rating and issued a C$25.00 price objective on shares of Alaris Royalty Corp. in a report on Wednesday, October 12th. Acumen Capital lowered their price objective on Alaris Royalty Corp. from C$33.00 to C$30.50 and set a buy rating on the stock in a report on Tuesday, October 4th. Canaccord Genuity upgraded Alaris Royalty Corp. from a hold rating to a buy rating and lowered their price objective for the stock from C$28.00 to C$26.50 in a report on Tuesday, October 4th. RBC Capital Markets lowered their price objective on Alaris Royalty Corp. from C$28.00 to C$25.00 and set a sector perform rating on the stock in a report on Friday, August 19th. Finally, AltaCorp Capital cut Alaris Royalty Corp. from an outperform rating to a sector perform rating in a report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of C$29.56.

Shares of Alaris Royalty Corp. (TSE:AD) opened at 20.77 on Wednesday. The stock has a 50 day moving average price of $22.17 and a 200 day moving average price of $26.70. The stock has a market capitalization of $754.70 million and a P/E ratio of 13.76. Alaris Royalty Corp. has a one year low of $20.71 and a one year high of $31.20.

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