Alaris Royalty Corp. (TSE:AD) had its price target dropped by investment analysts at Raymond James Financial, Inc. from C$23.00 to C$20.00 in a report issued on Wednesday, November 8th. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s price objective suggests a potential upside of 8.23% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. CIBC increased their price objective on Alaris Royalty from C$20.00 to C$23.00 in a research report on Friday, September 1st. Scotiabank cut their price objective on Alaris Royalty from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Thursday, September 21st. Finally, National Bank Financial increased their price objective on Alaris Royalty from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$24.00.
Alaris Royalty (AD) traded down C$0.20 during trading on Wednesday, hitting C$18.48. The stock had a trading volume of 158,714 shares, compared to its average volume of 119,898. Alaris Royalty has a twelve month low of C$17.90 and a twelve month high of C$24.39.
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About Alaris Royalty
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
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