In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Alaris Royalty (AD). Analyst Jaeme Gloyn from National Bank remains bullish on the stock and has a C$21 price target.
According to TipRanks.com, Gloyn is ranked #2564 out of 4905 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alaris Royalty with a C$20.50 average price target, implying a 12.8% upside from current levels. In a report issued on October 26, Desjardins also reiterated a Buy rating on the stock with a C$21.50 price target.
.
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 156.6K.
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 Tuesday at C$18.18.
