Today: Alaris Royalty Corp. (AD) Now Covered by CIBC

Today: Alaris Royalty Corp. (AD) Now Covered by CIBC

CIBC began coverage on shares of Alaris Royalty Corp. (TSE:AD) in a research report issued on Monday, StockTargetPrices.com reports. The brokerage set an “outperform” rating on the stock.

A number of other brokerages also recently issued reports on AD. RBC Capital Markets lowered 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 report on Friday, August 19th. Acumen Capital lowered their target price 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. Scotiabank reissued an “outperform” rating and issued a C$33.00 target price on shares of Alaris Royalty Corp. in a report on Tuesday, October 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$25.00 target price on shares of Alaris Royalty Corp. in a report on Tuesday, October 4th. Finally, Canaccord Genuity raised Alaris Royalty Corp. from a “hold” rating to a “buy” rating and lowered their target price for the company from C$28.00 to C$26.50 in a report on Tuesday, October 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Alaris Royalty Corp. has a consensus rating of “Buy” and a consensus price target of C$28.36.

Alaris Royalty Corp. (TSE:AD) traded down 0.26% during midday trading on Monday, hitting $20.85. The stock had a trading volume of 38,094 shares. Alaris Royalty Corp. has a 52 week low of $17.80 and a 52 week high of $31.20. The firm has a market cap of $757.61 million and a price-to-earnings ratio of 11.66. The firm has a 50 day moving average of $20.36 and a 200 day moving average of $24.74.

About Alaris Royalty Corp.

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