Analysts have been quite happy with Alaris Royalty (AD) stock lately, with several positive ratings in a row that it received in the past month alone. GMP FirstEnergy’s analyst Anoop Prihar reiterates their Buy rating on the shares, with a C$24.50 price target.
Prihar has an average return of 5.8% when recommending Alaris Royalty.
According to TipRanks.com, Prihar is ranked #4141 out of 5220 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alaris Royalty with a C$22.14 average price target, a 10.0% upside from current levels. In a report issued on March 4, RBC Capital also reiterated a Buy rating on the stock with a C$24 price target.
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The company has a one-year high of C$21.41 and a one-year low of C$15.30. Currently, Alaris Royalty has an average volume of 164.3K.
Alaris Royalty Corp. is a Canadian investment company, which engages in the provision of alternative financing to profitable and well-managed private businesses. It offers equity capital to companies to which traditional debt or private equity is not available or attractive, including privately-held companies whose owners want to retain long-term control of their business. It also offers an alternative to raise capital through leverage, private equity or public offerings for private companies. The company was founded by Stephen Walter King, Clayton H. Riddell and Stephen Reid in 2004 and is headquartered in Calgary, Canada.
The company’s shares closed on Thursday at C$20.13.
