Alaris Royalty (AD) PT Raised to C$21.00
Alaris Royalty (TSE:AD) had its price objective increased by Raymond James Financial from C$20.00 to C$21.00 in a research report issued on Tuesday. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s target price points to a potential upside of 5.00% from the company’s previous close.
A number of other analysts also recently issued reports on the stock. Scotiabank dropped their price objective on shares of Alaris Royalty from C$24.00 to C$23.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. CIBC lifted their price objective on shares of Alaris Royalty from C$20.00 to C$23.00 in a report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$24.14.
Shares of Alaris Royalty (AD) traded up C$0.93 during trading hours on Tuesday, reaching C$20.00. 500,695 shares of the company’s stock traded hands, compared to its average volume of 125,223. Alaris Royalty has a 1 year low of C$17.90 and a 1 year high of C$24.23.
In related news, Director E. Mitchell Shier sold 2,500 shares of Alaris Royalty stock in a transaction on Monday, November 20th. The shares were sold at an average price of C$18.44, for a total value of C$46,100.00. Also, Director Stephen Walter King bought 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of C$18.89 per share, for a total transaction of C$26,446.00.
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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