AD has been the topic of a number of other research reports. Scotiabank dropped their price objective on Alaris Royalty from C$24.00 to C$23.00 and set an outperform rating on the stock in a report on Wednesday, November 8th. CIBC increased their price objective on Alaris Royalty from C$20.00 to C$23.00 in a report on Friday, September 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of C$24.14.
Alaris Royalty (AD) opened at C$20.50 on Tuesday. Alaris Royalty has a twelve month low of C$17.90 and a twelve month high of C$24.23. The company has a market capitalization of $737.12, a P/E ratio of 34.17 and a beta of 1.00.
In other Alaris Royalty news, Director Stephen Walter King acquired 1,400 shares of Alaris Royalty stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of C$18.89 per share, with a total value of C$26,446.00. Also, Director E. Mitchell Shier sold 2,500 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of C$18.44, for a total value of C$46,100.00.
About Alaris Royalty
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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