Shares of Alaris Royalty Corp. (TSE:AD) have earned an average recommendation of “Hold” from the nine research firms that are currently covering the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$25.25.
AD has been the subject of several recent analyst reports. Acumen Capital set a C$26.50 price target on Alaris Royalty Corp. in a research note on Thursday, January 12th. Royal Bank of Canada cut Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating and set a C$24.00 target price for the company. in a research note on Friday, January 13th. CIBC cut Alaris Royalty Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, January 13th. Scotiabank raised their target price on Alaris Royalty Corp. from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Finally, Desjardins decreased their target price on Alaris Royalty Corp. from C$27.00 to C$26.50 in a research note on Thursday, March 9th.
Alaris Royalty Corp. (TSE:AD) traded down 0.49% during mid-day trading on Friday, reaching $22.29. 43,628 shares of the company’s stock traded hands. Alaris Royalty Corp. has a 52 week low of $17.80 and a 52 week high of $31.20. The stock’s 50 day moving average is $22.24 and its 200-day moving average is $22.16. The stock has a market capitalization of $812.34 million and a PE ratio of 12.31.
In related news, insider Amanda Mai Frazer sold 1,500 shares of the stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of C$22.47, for a total value of C$33,705.00. Also, Director E. Mitchell Shier sold 2,000 shares of the stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of C$22.78, for a total value of C$45,560.00. Over the last three months, insiders sold 4,500 shares of company stock valued at $101,445.
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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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