National Bank Financial Raises Alaris Royalty Corp. (AD) Price Target to C$25.00
Alaris Royalty Corp. (TSE:AD) had its price target lifted by National Bank Financial from C$24.00 to C$25.00 in a research note issued to investors on Thursday. The brokerage currently has an outperform rating on the stock.
A number of other research analysts have also recently commented on the company. Raymond James Financial, Inc. raised their target price on Alaris Royalty Corp. from C$22.00 to C$23.00 and gave the company a market perform rating in a research note on Tuesday, July 4th. CIBC lowered their price objective on Alaris Royalty Corp. from C$24.00 to C$20.00 in a research note on Thursday, May 11th. Desjardins cut Alaris Royalty Corp. from a buy rating to a hold rating in a research note on Tuesday, May 9th. Finally, Scotiabank lowered their price objective on Alaris Royalty Corp. from C$27.00 to C$25.00 and set an outperform rating for the company in a research note on Wednesday, May 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Alaris Royalty Corp. presently has an average rating of Buy and a consensus price target of C$24.31.
Shares of Alaris Royalty Corp. (TSE AD) opened at 22.47 on Thursday. Alaris Royalty Corp. has a one year low of $17.80 and a one year high of $29.87. The company has a market cap of $818.90 million and a P/E ratio of 13.54. The company’s 50-day moving average price is $21.61 and its 200 day moving average price is $21.85.
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The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date is Thursday, July 27th.
In other Alaris Royalty Corp. news, Director Mary C. Ritchie sold 5,000 shares of Alaris Royalty Corp. stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of C$20.18, for a total value of C$100,900.00. Also, Director Jack Chuck Lee bought 3,000 shares of Alaris Royalty Corp. stock in a transaction on Friday, June 30th. The stock was acquired at an average cost of C$23.03 per share, with a total value of C$69,090.00. Insiders have acquired 7,800 shares of company stock valued at $173,700 in the last quarter.
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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