The stock of Alaris Royalty Corp. (TSE:AD) is a huge mover today! About 25,428 shares traded hands. Alaris Royalty Corp. (TSE:AD) has declined 31.89% since April 22, 2016 and is downtrending. It has underperformed by 37.90% the S&P500.
The move comes after 8 months negative chart setup for the $767.84M company. It was reported on Nov, 28 by Barchart.com. We have $19.73 PT which if reached, will make TSE:AD worth $38.39M less.
Alaris Royalty Corp. (TSE:AD) Ratings Coverage
Out of 6 analysts covering Alaris Royalty Corp (TSE:AD), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $38 is the highest target while $24 is the lowest. The $31.79 average target is 53.06% above today’s ($20.77) stock price. Alaris Royalty Corp has been the topic of 15 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, June 29. The rating was upgraded by RBC Capital Markets on Thursday, November 10 to “Outperform”. The rating was maintained by Canaccord Genuity on Monday, August 10 with “Buy”. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, July 20. The stock of Alaris Royalty Corp. (TSE:AD) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, October 12. The firm has “Outperform” rating given on Wednesday, July 20 by Scotia Capital. The firm earned “Hold” rating on Thursday, May 12 by GMP Securities.
Alaris Royalty Corp. is a Canada-based firm providing capital to private businesses . The company has a market cap of $767.84 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 11.6 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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