Alaris Royalty Corp (TSE:AD) Price Target Upgraded
In a report revealed to clients and investors by Scotia Capital on Friday morning, Alaris Royalty Corp (TSE:AD) had its target raised to $25.00. The firm at present has Outperform rating on the stock.
Out of 12 brokers covering Alaris Royalty Corp., 8 rate it a Buy, 4 indicate a Hold while 0 suggest a Sell. The highest target is $21.28 and the lowest is $16.19 according to Thomson/First Call. The 12-month mean target is $18.75, which means downside potential of 15.65% over the current price.
Alaris Royalty Corp (TSE:AD) Profile
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. The Company is an equity provider to service a niche in the capital market, such as steady growth companies with an entrepreneurial management team, incentivized to grow and maintain control of their business.
Alaris Royalty Corp (TSE:AD) traded up 6.88% on 1 September, hitting $22.23. A total of 349,748 shares of the company’s stock traded hands. This is up from average of 134,640 shares. Alaris Royalty Corp. has a 52 week low of $17.80 and a 52 week high of $24.39. The company has a market cap of $810.15 million and a P/E ratio of 13.33.
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