Alaris Royalty (AD), the Financial sector company, was revisited by a Wall Street analyst on March 6. The company received a Buy on March 6 from Desjardins’ analyst Gary Ho, with a C$23 price target.
According to TipRanks.com, Ho is a 2-star analyst with an average return of 1.1% and a 51.5% success rate. Ho covers the Financial sector, focusing on stocks such as Alaris Royalty Corp, IGM Financial, and Sprott Inc.
Alaris Royalty has an analyst consensus of Moderate Buy, with a price target consensus of C$21.75, implying an 8.0% 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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Alaris Royalty’s market cap is currently C$734.7M and has a P/E ratio of 13.3. The company has a Price to Book ratio of 1.20.
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.
