Alaris Royalty (AD) PT Raised to C$20.00 at Raymond James
Alaris Royalty (TSE:AD) had its price objective upped by research analysts at Raymond James from C$18.00 to C$20.00 in a research report issued on Tuesday. The firm currently has a “market perform” rating on the stock. Raymond James’ price objective suggests a potential downside of 1.19% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. National Bank Financial raised their target price on Alaris Royalty from C$18.50 to C$22.00 and gave the company an “outperform” rating in a report on Monday. CIBC raised their target price on Alaris Royalty from C$18.00 to C$19.00 in a report on Monday. Finally, Desjardins decreased their price objective on Alaris Royalty from C$20.50 to C$19.00 in a research note on Saturday, July 14th.
Alaris Royalty stock traded up C$0.15 during midday trading on Tuesday, reaching C$20.24. 160,183 shares of the stock traded hands, compared to its average volume of 164,217. Alaris Royalty has a 12-month low of C$15.30 and a 12-month high of C$21.24.
In related news, Director Jack Chuck Lee acquired 3,200 shares of the firm’s stock in a transaction dated Tuesday, July 3rd. The stock was acquired at an average price of C$15.74 per share, for a total transaction of C$50,368.00.
About Alaris Royalty
Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.
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