Alaris Royalty (AD) Price Target Raised to C$21.00 at Raymond James Financial

Alaris Royalty (TSE:AD) had its target price hoisted by Raymond James Financial from C$20.00 to C$21.00 in a report released on Tuesday. The firm currently has a market perform rating on the stock.

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.

The business also recently announced a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.62 dividend on an annualized basis and a yield of 7.90%. Alaris Royalty’s payout ratio is currently 270.00%.

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.

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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.

Analyst Recommendations for Alaris Royalty (TSE:AD)

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