Shares of Alaris Royalty (AD) were revisited by a Wall Street analyst today. Analyst Daryl Swetlishoff from Raymond James rated Alaris Royalty (AD) a Hold, setting a C$20.50 price target.
According to TipRanks.com, Swetlishoff is ranked 0 out of 5 stars with an average return of -12.2% and a 24.6% success rate. Swetlishoff covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Weatherford, and Norbord Inc.
Currently, the analyst consensus on Alaris Royalty is a Moderate Buy with an average price target of C$22.36, which is an 8.3% upside from current levels. In a report issued on March 7, CIBC also reiterated a Hold rating on the stock with a C$22 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 167.6K.
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 Monday at C$20.64, close to its 52-week high of C$21.41.
