In a new note to investors on October 26, an analyst has provided a rating update for Alaris Royalty (TSX: AD). The company received a Buy on October 26 from Desjardins’ analyst Gary Ho, with a C$21.50 price target.
Ho has an average return of 11.3% when recommending Alaris Royalty.
According to TipRanks.com, Ho is ranked #1566 out of 4884 analysts.
Currently, the analyst consensus on Alaris Royalty is a Moderate Buy with an average price target of C$21.75.
The company has a one-year high of C$20.94 and a one-year low of C$15.30. Currently, Alaris Royalty has an average volume of 163.9K.
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 Friday at C$19.33.
