Today, an analyst has provided a rating update for the Financial sector company, Alaris Royalty (TSX: AD). The company received a Buy rating from National Bank’s analyst Jaeme Gloyn, with a C$22 price target.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alaris Royalty with a C$20 average price target.
Alaris Royalty’s market cap is currently C$719.3M and has a P/E ratio of 53.3. The company has a Price to Book ratio of 1.19.
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 Monday at C$20.09.
