The stock of Alaris Royalty Corp. (TSE:AD) is a huge mover today! About 43,030 shares traded hands. Alaris Royalty Corp. (TSE:AD) has declined 21.64% since March 10, 2016 and is downtrending. It has underperformed by 27.25% the S&P500.
The move comes after 6 months positive chart setup for the $755.43 million company. It was reported on Oct, 17 by Barchart.com. We have $28.37 PT which if reached, will make TSE:AD worth $271.95 million more.
Alaris Royalty Corp. (TSE:AD) Ratings Coverage
Out of 6 analysts covering Alaris Royalty Corp (TSE:AD), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $38 is the highest target while $25 is the lowest. The $32.79 average target is 57.19% above today’s ($20.86) stock price. Alaris Royalty Corp has been the topic of 12 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Thursday, May 12 by GMP Securities. The rating was maintained by RBC Capital Markets on Wednesday, October 12 with “Sector Perform”. Scotia Capital maintained it with “Outperform” rating and $37 target price in Wednesday, July 20 report. The stock has “Buy” rating given by Canaccord Genuity on Monday, August 10. As per Wednesday, July 20, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained Alaris Royalty Corp. (TSE:AD) rating on Wednesday, June 29. RBC Capital Markets has “Sector Perform” rating and $31 price target.
Another recent and important Alaris Royalty Corp. (TSE:AD) news was published by Marketwired.com which published an article titled: “Alaris Royalty Corp. Announces the Repurchase of Its Units In Solowave For a …” on October 03, 2016.
Alaris Royalty Corp. is a Canada-based firm providing capital to private businesses . The company has a market cap of $755.43 million. The Company’s activities consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability firms in the United States, or long-term license and royalty arrangements. It has a 13.84 P/E ratio. The Firm is an equity well-known 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.
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