Insider Buying: Alaris Royalty Corp. (AD) Director Acquires C$26,446.00 in Stock
Alaris Royalty Corp. (TSE:AD) Director Stephen Walter King purchased 1,400 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of C$18.89 per share, for a total transaction of C$26,446.00.
Shares of Alaris Royalty Corp. (AD) traded down C$0.15 during trading hours on Friday, reaching C$18.34. The company’s stock had a trading volume of 225,792 shares, compared to its average volume of 118,299. Alaris Royalty Corp. has a 52-week low of C$18.20 and a 52-week high of C$24.39.
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A number of equities research analysts recently weighed in on the company. Scotiabank lowered their price target on Alaris Royalty Corp. from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a report on Wednesday. Raymond James Financial, Inc. lowered their price target on Alaris Royalty Corp. from C$23.00 to C$20.00 and set a “market perform” rating on the stock in a report on Wednesday. CIBC upped their price target on Alaris Royalty Corp. from C$20.00 to C$23.00 in a report on Friday, September 1st. Finally, National Bank Financial upped their price target on Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$24.00.
About Alaris Royalty Corp.
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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